5/24, 7:26 PM (Source: TeleTrader)
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Chinese airlines seeking damages from Boeing to get state help

The China Air Transport Association (CATA) said on Friday it would support the country's airlines which plan to seek compensation from Boeing Co. over the grounding and the delay of firm's 737 MAX jets, the Global Times reported. Help that the state airlines body announced wasn't specified at the moment.

According to the official statement, Chinese airline operators estimated they would lose around $578 million due to the losses in fleet capacity just by the end of June.

All 13 airlines in China flying 737 Max have asked for compensation from Boeing after they grounded 96 737 MAX planes, following two fatal plane crashes in which nearly 350 passengers have died. 737 MAX's anti-stall system was blamed for both disasters.

Breaking the News / MA