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#Boeing737Max: We will not experience financial fallout from 737 grounding, Says Boeing CEO

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Denis Muilenberg, the Chief Executive Officer of Boeing, has said that the company would not experience financial fallout following the grounding of its 737 Max plane.

He also stated that the grounding of its 737 Max air craft will not affect customers’ request for it’s services in the areas of aircraft parts, maintenance and analytics.

The Boeing 737 Max plane was grounded in many countries after multiple crash that led to the death of over 300 passengers in 2019.

Speaking on the grounding of the plane, Muilenberg noted that the company is working on expanding the business to a $50 billion in revenue in the next decade from its $17 billion revenue posted in 2018.

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

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.

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