China airline association estimates losses from 737 MAX grounding at $579 million

May 24, 2019 admin Business News Comments Off on China airline association estimates losses from 737 MAX grounding at $579 million

The China Air Transport Association (CATA) on Friday said it expects losses at Chinese airlines caused by the grounding of Boeing Co’s 737 MAX aircraft to be around 4 billion yuan ($579.32 million) by the end of June.

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Source:: Reuters – Business News