Quote:
Originally Posted by me_dennis
This has got to cost airlines across the world billions of $
I wonder what sort of lawsuits will come of this? I've heard there's reluctance for airlines to sue because there are only 3 plane manufacturers for the Canadian airlines
|
It hasn't amounted to a billion dollars for anybody yet, it's only the first week. Lawsuits have already come of it... families are suing and Lion Air is preparing to sue as stated above. WestJet and Air Canada have strong working relationships with Boeing. The deal Air Canada signed with Boeing was HIGHLY favourable for the acquisition of these jets to begin with, involving Boeing's purchase of Air Canada's Embraer jets that nobody wants. No doubt they are already in discussion about further compensation.
There are more than 3 significant aircraft manufacturers in the world... and even if that were true it wouldn't stop anybody from suing for losses incurred. American Airlines lost an Airbus in a fiery crash just after 9/11 when the first officer's incompetence brought the jet down. They were tied up in nasty litigation for years and vowed to never buy Airbus jets again.
In 2011, they ordered 260 Airbus jets in a multi-billion dollar deal.