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American aerospace company Boeing announced, Thursday, that it would compensate airline customers that grounded their 737 Max planes after the two deadly crashes of the jetliners, Washington Post reports.
The multinational manufacturer, which said that the grounding of its 737 Max jets is to reduce its «revenue and earnings by $5.6 billion in the second quarter», will set aside $4.9 billion to reimburse the airlines that suffered from the grounding.
Morocco’s national carrier Royal Air Maroc is one of the airline companies that were affected by the 737 MAX plane grounding. In March, RAM announced that it had temporarily grounded a Boeing 737 MAX 8, following the Ethiopia airlines fatal crash.
Boeing delivered Morocco’s first Boeing 737 MAX 8 plane on December the 22nd, 2018. The latter has been operating since January, 2019.
«This assumption reflects the company's best estimate at this time, but actual timing of return to service could differ from this estimate», the company said in a statement, referring to the grounding.
As for Boeing’s compensation to airline firms, analysts told the Washington Post that it «is likely to repay customers in the form of discounts, additional service packages and other extras over a period of years, rather than cash payouts to compensate for the losses».
In addition to the money the American company would use to compensate airline companies, it announced earlier in July that it would be giving $100 million to help those who lost their loved ones in the two crashes of the company’s 737 Max planes in Indonesia and Ethiopia.
The financial contribution suggested by Boeing is expected to support the families of the victims who were affected by the ill-fated Ethiopian Boeing 737 Max 8. Two Moroccan nationals lost their lives in the crash which took place on March the 10th.
