President Trump Thinks Boeing is a “Very Disappointing Company”

According to President Trump, Boeing is a “big disappointment” after the company pushed back the 737 Max’s return to service.

Boeing said on Wednesday that it doesn’t expect the planes to be ready to fly by this summer which is the busiest season for U.S airlines.

“This updated estimate is informed by our experience to date with the certification process. It is subject to our ongoing attempts to address known schedule risks and further developments that may arise in connection with the certification process,” said the company’s press release.

“It also accounts for the rigorous scrutiny that regulatory authorities are rightly applying at every step of their review of the 737 Max’s flight control system and the Joint Operations Evaluation Board process which determines pilot training requirements.”

“Returning the MAX safely to service is our number one priority, and we are confident that will happen. We acknowledge and regret the continued difficulties that the grounding of the 737 MAX has presented to our customers, our regulators, our suppliers, and the flying public. We will provide additional information about our efforts to safely return the 737 MAX to service in connection with our quarterly financial disclosures next week,” the release also reads.

Treasury Secretary Steven Mnuchin has estimated this delay could cost half a point of economic growth.

The 737 Max was grounded by regulators last March after two deadly crashes in Indonesia in 2018 and Ethiopia in 2019.
United Airlines also announced on Wednesday that it does not expect that it will be able to fly the Boeing 737 Max this summer.

Disclaimer: We have no position in Boeing Co. (NYSE: BA) and have not been compensated for this article.