Boeing sued by Kuwaiti company trying to recoup $336m

  • Date: 23-Apr-2020
  • Source: Gulf Business
  • Sector:Defense
  • Country:Kuwait
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Boeing sued by Kuwaiti company trying to recoup $336m

Chicago-based Boeing has struggled since the Max crashes, which were blamed on faulty flight control software, inadequate flight manuals and lax regulation. But after 346 people were killed when two of the planes crashed within five months last year, the plane was grounded worldwide and Boeing halted production.. On Monday, the company's stock took another hit, falling 6.8 per cent, after China Development Bank Financial Leasing canceled an order for 29 of 737 Max planes worth at least $2.9bn based on the list price..