Airlines from North America to the Middle East kept flying the 737 MAX 8 on Mond...
DUBAI/PARIS - Airlines from North America to the Middle East kept flying the 737 MAX 8 on Monday after Boeing said it was safe, in stark contrast with a slide in the planemaker’s shares on worries over Sunday’s Ethiopian Airlines crash that killed all 157 on board.
Low-cost giants including Southwest of the United States and Gulf airline flydubai, which rely on short trips and fast turnarounds, said they would continue to fly 737s. Most others said they had no plans to ground the aircraft, which analysts said would be costly and disruptive for carriers that rely on them to fly directly to specific destinations or to feed customers to hubs for profitable long-haul flights.
American Airlines also backed the jet, which sells for $112 million at list prices or a net value of about $50 million after typical discounts, according to industry sources.Industry sources said pressure could however grow on U.S. authorities to respond to any early findings from a crash probe and U.S. Transportation Secretary Elaine Chao said Washington was reviewing 737 MAX 8 crashes “very seriously”.
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