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WJAFF - Boeing 737 MAX: Determining Costs Of Culpability And Groundings
WestJet Airlines Ltd
A Boeing (BA) 737 Max operated by Ethiopian Airlines crashed shortly after takeoff on March 10, killing all 157 people on board. Lion Air Flight 610 of the same model plunged into the Java Sea off the coast of Indonesia on Oct. 29, killing 189 passengers and crew. As a result, all 737 MAX aircraft were grounded by operators worldwide.
Airlines with large market capitalizations (Figure 1) and MAX 737 fleets (Figure 2) include Southwest Airlines (LUV), the largest U.S. customer, American Airlines (AAL), United Airlines (UAL),