There are indications that Boeing 737 Max 8 airplanes might not hit the skies until sometime in August.
The global head of the International Air Transport Association, IATA, Alexandre de Juniac told Reuters that “We do not expect something before 10 to 12 weeks in re-entry into service,”
“But it is not our hands. That is in the hands of regulators,” he said.
Boeing’s 737 Max 8 jets was grounded globally in March after a second fatal crash killed 157 people aboard an Ethiopian Airways Nairobi-bound flight.
There are various hurdles confronting Boeing as a company in bringing back the airplane. A few weeks ago, a group of four Chinese major airlines demanded compensation from Boeing as a result of losses they suffered after the suspend the aircraft from their fleets.
Boeing has not formally responded to the demand and their indications that more airlines could demand same.
The impact on the industry is also significant, IATA said its prior forecast for industry’s full-year 2019 profit at $35.5 billion will be lowered in its next review.