British Airways plans to acquire Boeing’s embattled 737 Max

Bloomberg/Luke MacGregor

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International Consolidated Airlines Group (IAG), the owner of British Airways, signed a letter of intent for 200 of the planes.

Wednesday 19, June 2019

(Bloomberg) --Boeing won its first deal for 737 Max jets since a March grounding that followed the second deadly crash in five months.

Boeing stated that the mix of 737-8 and 737-10 planes would be delivered between 2023 and 2027 assuming the deal is formalised.

The agreement with one of the world’s leading carriers hands Boeing a big boost as it struggles to get the Max back in the air amid a grounding that recently entered its fourth month.

Enrique Dupuy de Lome, IAG Chief Financial Officer, said, “We have every confidence in Boeing and expect that the aircraft will make a successful return to service in the coming months having received approval from the regulators.’’

The Max crashes in October and March were caused when a software system received erroneous readings from a sensor, repeatedly forcing the nose of the planes down until pilots lost control.

TAGS : British Airways, IAG, Boeing 737 Max

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