An Air Italy executive has joined a chorus of global airlines hurt by grounded B...
CHICAGO - An Air Italy executive has joined a chorus of global airlines hurt by grounded Boeing 737 MAX jets but expects the airline to be profitable “very soon” and carrying five times as many passengers by 2022.
Sardinia-based Air Italy, which launched last year, was using three MAX aircraft to service routes to Sharm El Sheikh, Cairo and Dakar before regulators around the world grounded the fast-selling Boeing Co jets following two fatal crashes. Larger airlines have warned that the 737 MAX groundings are hitting revenues and costs by hundreds of millions of dollars. [nL5N2270SV
The lawmakers argue the U.S. routes may breach a 2018 aviation agreement between the United States and Qatar meant to address U.S. concerns that Gulf airlines are unfairly subsidized by their governments, distorting competition.
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