Boeing Faces $5 Billion Tab on 737 Max Simulator Training
- Costs would nearly double amount planemaker set aside: analyst
- Payment to Southwest likely more than $1.2 billion, BI says
This article is for subscribers only.
Boeing Co.’s costs would rise an estimated $5 billion if pilots need to get simulator training before flying the 737 Max, according to Bloomberg Intelligence.
That would nearly double the $5.6 billion that Boeing had committed to cover costs from last year’s grounding of the jetliner. The manufacturer will be expected to reimburse airline expenses for simulator training because it sold the plane on the basis that pilots certified for the previous 737 variant would need minimal additional training, analyst George Ferguson said in a note Thursday.