We will not experience financial fallout from 737 grounding -Boeing CEO

Kenneth Afor with agency report

Boeing’s chief executive officer has reaffirmed that the airline will not experience financial fallout following the grounding of its 737 Max .

Denis Muilenberg also disclosed that the grounding will not affect customers’ request for it’s services in the areas of aircraft parts, maintenance and analytics.

He added that his company is planning to expand its business to a $50 billion in revenue in the next decade from its $17 billion revenue posted in 2018.

“We have the financial capacity to manage the Max situation and continue to make our investments for the future.”

The airplane model was grounded in March 2019 after two deadly crashes which claimed 346 lives.

Notwithstanding, the airline giant is currently working on fixing the grounded 737 Max and hopes to put it back in the air by October.

“Our ability to do those continues to be strong. We still anticipate getting the (737 Max) return-to-service early in the fourth quarter, we are making progress on that schedule,” Muilenberg said.

Businessam Staff