CHINESE AIRLINES SEEKING COMPENSATION OVER 737 MAX
China is stepping up pressure on Boeing Co. as its airlines demand compensation for the grounding of 737 Max jetliners after fatal crashes in Ethiopia and Indonesia.
Two of three major state-owned carriers — Air China Ltd. and China Southern Airlines Ltd. — say they want compensation for their aircraft being grounded. The third, China Eastern Airlines Ltd., announced a similar request last month. China is, along with North America and Europe, one of the biggest markets for jetliners. That makes its response critical for Boeing.
It was among the first countries to ground the 737 Max in March following crashes in Indonesia and Ethiopia that killed a total of 346 people. Investigators have suggested a flight-control system was to blame for both 737 Max crashes.