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Canada-based International Air Transport Association said that U.S.-based The Boeing Co.'s 737 Max 8 aircrafts are likely to remain grounded worldwide for at least 10 to 12 more weeks until August, Business Standard reported citing sources. Several airlines plan to seek compensation from Boeing for disruption of their operations after global aviation regulators grounded the aircrafts in March after two Max 8 aircraft crashes.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms