On the one year anniversary of the 10 March Boeing 737 MAX 8 crash in Ethiopia, CNN reported that the American aviation super-giant Boeing may face a significant increase in the price tag associated with the fallout from the disaster.
Reporting to its investors in January, Boeing estimated that its losses in connection to the problematic 737 Max would amount to some $8.2 billion in compensations to the company's airline customers and additional $6.3 billion in increased costs to build the aircraft.
Later on, Boeing said that it would increase its spending to build the jets by $4 billion. At the same time, the company has set up a $100 billion fund to compensate to the families of crash victims, though the expenses may increase due to legal fees.
A Nairobi-bound Boeing 737 MAX 8 crashed on 10 March 2019 outside Addis Ababa, Ethiopia, six minutes after takeoff. The crash killed all 157 people on board, and prompted airlines around the world to halt all 737 MAX 8 flights until further notice.
Following the crashes, the 737 MAX was grounded, for 18 months as of yet, as the company is seeking recertification from the US Federal Aviation Administration (FAA).