Tui says Boeing 737 Max grounding could cost firm up to €300m

Tui says Boeing 737 Max grounding could cost firm up to €300m
 

Tui has warned the grounding of its fleet of 15 Boeing 737 Max planes could cost the UK travel firm up to €300m (£258m), as it scrambles to make alternative plans to fly customers to their holiday destinations over the busy Easter and summer periods.
In a profit warning on Friday, the company said it was making arrangements to guarantee customer holidays, including leasing more planes, extending expiring leases that were supposed to be replaced by the 737 Max and using spare aircraft in its existing fleet. Shares fell 10% to 694p.
The 737 Max planes – Boeing’s newest aircraft – were... read more

 
29 March 2019 in Business, Views: 53
Source: Guardian
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