Boeing loses a bull as analyst sees longer 737 max recovery

Ethiopian Airlines Flight ET302 was operated by a Boeing 737 Max 8 registration ET-AVJ

Ethiopian Airlines Flight ET302 was operated by a Boeing 737 Max 8 registration ET-AVJ

American Airlines is extending by over a month its cancellations of about 90 daily flights as the troubled 737 Max plane remains grounded by regulators.

The airline, which owns 24 planes in its fleet, in a news release said it has extended cancellations as it waits for information from the Federal Aviation Administration, Department of Transportation, National Transportation Safety Board, other regulatory authorities and Boeing to permit the aircraft to resume flying.

Southwest Airlines Co said on Monday it was pulling out all Boeing Co's 737 MAX jets from its flight schedules swa.is/2FRH8Ow through June 7, extending its earlier timeline by a week.

It's our responsibility to eliminate this risk. The Fort Worth-based airline said it is awaiting information from USA regulators, and will contact customers affected by the cancellations with available re-bookings.

Boeing's 737 Max planes were grounded indefinitely in the United States on March 13 after two of the planes had fatal crashes.

The airline said not all flights previously scheduled on a Max will be canceled, "as we plan to substitute other aircraft types".

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TV Choice magazine announced on Twitter that its annual TV Choice Awards would no longer take place at London's Dorchester Hotel. Other hotels included in the boycott are Coworth Park in Ascot, and the Hotel Bel-Air in Los Angeles, US.

"The company thinks it will take longer than expected for regulators to end the grounding of the 737 Max".

In mid-March, Ethiopian transport minister Dagmawit Moges said black box data from the doomed flight showed "clear similarities" to the Lion Air crash. The aircraft, en route to Nairobi, Kenya, crashed in a village southeast of the Ethiopian capital.

(Michael Tewelde/AFP/Getty Images) People stand near collected debris at the crash site of Ethiopia Airlines near Bishoftu, southeast of Addis Ababa, Ethiopia, March 11, 2019.

Last week, Boeing CEO Dennis Muilenburg said "it's apparent" that the 737 MAX 8's MCAS maneuvering system contributed to the two fatal air accidents. Pilots of each plane struggled in vain to regain control over the automated system.

Preliminary reports into accidents in Indonesia and Ethiopia found that faulty sensor readings erroneously triggered an anti-stall system that pushed the plane's nose down.

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