Military
Boeing 787 Dreamliner Grounding Cost Qatar Airline $200 Million
Published:
Last Updated:
Qatar Airways owns five of the planes and Air India owns six. Ethiopian Airways, which owns four Dreamliners, recommenced commercial flight of the aircraft last week. All Nippon Airways and Japan Airlines, which combined own 24 Dreamliners, have estimated their losses due to the grounding at $110 million.
The actual amount of compensation for Air India and Qatar Airways has not been announced. Under the contract terms with Air India, Boeing cannot be held liable for loss of use for a problem with the aircraft, but an Air India official said that grounding the entire fleet was not foreseen and that Boeing had agreed to “compensate Air India for the [losses] it suffered.” Presumably the company has reached a similar deal with Qatar Airways.
Boeing’s shares are inactive in the premarket this morning, having closed Friday at $93.74 in a 52-week range of $66.82 to $93.95. The 52-week high was posted on Friday.
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.