Success! (Photo by Michael Ciaglo/Getty Images), PHOTO: Air crashes were far more common then and many more people had little experience with air travel. All rights reserved. Sundays loss of an Ethiopian Airlines Boeing 737, in which 157 people died, bore similarities to the Oct. 29 crash of another Boeing 737 Max plane, operated by Indonesias Lion Air, stoking concern that a feature meant to make the upgraded Max safer than earlier planes has actually made it harder to fly. Von Rumohr said another Boeing plane, the 727, had four fatal crashes in seven months between 1965 and 1966, soon after its introduction. On Thursday, Ethiopian government officials said the pilots of Ethiopian Airlines Flight 302 performed all of the aircraft manufacturer’s procedures, but were unable to control the jet before it crashed in March. Those four 727 crashes provoked even more concern among the traveling public. (Photo by Stephen Brashear/Getty Images), PHOTO: Boeing is also in the strongest financial position in its history to weather the storm. That made it more fuel efficient than the four-engine Boeing 707, the industry’s first commercial jet. It has orders for nearly 5,000 of the jets, enough to keep production lines operating for years to come. But Aboulafia thinks that will come to hundreds of millions of dollars, not billions. But the crashes in 1965 and ‘66 proved that passengers will get over their fear of certain jets fairly quickly if Boeing can prove they’re safe. Please click the button below to agree to our Terms and Conditions and acknowledge our Privacy Policy. Increased training led to safer operation of the plane, and these kinds of crashes ended. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Pinal Airpark is the largest commercial aircraft storage facility in the world, currently holding increased numbers of aircraft in response to the coronavirus COVID-19 pandemic. The damage to the reputation is the biggest challenge of all,” said Richard Aboulafia, vice president of analysis at the Teal Group. It eventually sold 1,831 of the jets, nearly twice as many as the rival DC-9. But Boeing did get past the 727 crisis. The 737 Max crisis has wiped more than $25 billion off Boeing's market value. — Office of the Prime Minister - Ethiopia (@PMEthiopia) March 10, 2019 Southwest, which has 31 Max 8 planes, said it was in contact with Boeing … An automatic safety measure forced the plane’s nose down because it wrongly thought the plane was in danger of going into a stall. Airlines with 737 Max orders have little opportunity to cancel and replace it with an Airbus plane. It declined to ground the jet. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. That upgrade is expected to be available next month. Of the 104 passengers and crew on board, 77 were killed. As was the case last week when aviation authorities around the world were grounding the 737 Max, the FAA stuck by Boeing in 1965. Password reset email has been resent. “The board determines the probable cause of this accident was the failure of the captain to take timely action to arrest an excessive descent rate during the landing approach,” said investigators looking into a crash in Salt Lake City. Boeing Co. is offering $100 million to support the families of victims and others affected by two crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits. The FAA said Wednesday that the grounding became justified when new data showed that the track of the Ethiopian Airlines flight behaved very similarly to the Lion Air flight. Jason Redmond/AFP/Getty Images, A Boeing 737 MAX 8 operated by Southwest Airlines arrives for a landing at Hobby Airport, Wednesday, March 13, 2019, in Houston. The DC-9 maker, Douglas Aircraft, ended up merging with McDonnell Aircraft a couple of years later. © 2020 Cable News Network. A pair of fatal crashes of its 737 Max jets led to the grounding of all 371 of the jets worldwide. A Warner Media Company. CNN Sans ™ & © 2016 Cable News Network. A tragic crash of an Ethiopian Airlines jet that killed 157 people Sunday led to the worldwide grounding of its 737 Max jets, the company’s most crucial plane. Kayak, a travel booking site, even added a feature for customers to screen by airplane type. It came back from that to be one of its most successful aircraft,” Von Rumohr told CNN Business. March 23, 2019 Boeing faced an unthinkable defection in the spring of 2011. While the exact cause of the … Relatives of Boeing Co 737 MAX crash victims on Tuesday urged the European Union Aviation Safety Agency (EASA) to delay approving the aircraft's return … Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Updated First, proper training for pilots who are flying new aircraft is crucially important. Apart from the intensifying competition that Boeing was eager to enter, the airframer also met challenges in terms of conflicting demands from customers: some wanted four engines, another wanted a twin, still others were satisfied with prop planes. Stephen Brashear/Getty Images North America/Getty Images, Here's how Boeing and Airbus became a duopoly, Workers are pictured next to a Boeing 737 MAX 9 airplane on the tarmac at the Boeing Renton Factory in Renton, Washington on March 12, 2019. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. After the heavy 707 quad-jet was introduced in 1958, Boeing addressed the demand for shorter flight lengths from smaller airports. “The headlines in the papers called it the ‘Deadly 727.’ There were a lot of calls for grounding it,” said Bill Waldock, professor at Embry-Riddle Aeronautical University and head of the school’s crash lab. (BA) spent three days after the crash insisting the plane was safe before conceding that the jets should be grounded out of “an abundance of caution and in order to reassure the flying public of the aircraft’s safety.”. Christian Petersen/Getty Images, American Airlines suspends service to 15 cities, Southwest Airlines CEO: We still don't have enough testing, Delta CEO: Our goal is to restore confidence in air travel, A aircraft maintenance technician works on the engine of an Airbus airplane of the airline company Air France in a maintenance facility at Roissy-Charles de Gaulle Airport, in Roissy, north of Paris, on June 27, 2019. And these kinds of crashes ended they are safe panic persisted and Airlines were unwilling to buy it, era. Your email address but if panic persisted and Airlines were unwilling to buy it, the era of the faster... Battery problems, ” said Baum if history is a guide, over. Served by propeller planes, a key selling point Cable News Network your password Boeing’s to. People will care that much for very long, ” said Baum 371 delivered! Came back from that nervousness over the 737 Max airplanes into service service, Boeing. 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