CHICAGO, Ill. (AP) — Boeing’s 737 MAX has been cleared to resume flights in Europe.
That comes with some bad fiscal news for Boeing.
Europe’s aviation safety agency has given the plane the ok after testing the multiple safety upgrades Boeing made after two deadly crashes prompted its worldwide grounding.
But Boeing is reporting another huge loss, this one because of a setback to its 777X.
The company says it lost $8.4 billion in the fourth quarter on weaker demand for planes during the pandemic.
That includes a $6.5 billion loss tied to the 777X, which Boeing now says won’t be delivered until late 2023