Ethiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam told Reuters on Friday.
) by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam told Reuters on Friday.
It was the second deadly crash of a 737 MAX in less than six months and led to the worldwide grounding of Boeing’s top-selling aircraft and a halt in deliveries that airlines have said caused a loss in revenues. Ethiopian, Africa’s largest airline, has decided not to pursue a lawsuit against Boeing over the 737 MAX crash as it remains a “partner” and Ethiopian uses many of its planes, he said, adding the settlement could be in form of cash or supplies of plane parts.
To help it overcome a drastic downturn in passenger revenues, Tewolde said his airline has converted 22 passengers planes to cargo aircraft, stripping out all seats.
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