FAST FIVE: Chinese Airline Asks Boeing For Compensation Over 737 MAX Grounding
In what might be a bigger blow for Boeing, the airline has asked to delay deliveries of new planes.
And though the operational impact has been 'limited', the airline still feels it should be compensated.
The reports did not list an amount of compensation being sought.
“The grounding of 737 MAX aircraft since March 11, 2019 has caused relatively big losses to China Eastern.
While this might not seem like such a big deal at first, if more Chinese airlines decide to halt or delay their Boeing orders until they've been compensated for the grounding, such a trend could be more damaging to Boeing's shares than trade-war-related fears.