United Airlines is reassessing its fleet strategy and may exclude the Boeing 737 Max 10 due to prolonged certification delays and a recent grounding incident involving the smaller 737 Max 9, according to CEO Scott Kirby. The largest version of the 737 Max, the Max 10, has yet to receive FAA approval and is approximately five years behind schedule. A door plug ejected during an Alaska Airlines 737 Max 9 flight on January 5th, leading to an FAA-mandated grounding of that model. With 79 Max 9 aircraft in its fleet, United is the most affected carrier by the grounding, which is expected to contribute to a first-quarter loss for the airline.
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00:00 It's Benzinga and here's what's on the block.
00:02 United Airlines is reassessing its fleet strategy and may exclude the Boeing 737 Max 10 due to
00:07 prolonged certification delays and a recent grounding incident involving the smaller 737 Max
00:12 9, according to CEO Scott Kirby. The largest version of the 737 Max, the Max 10, has yet to
00:18 receive FAA approval and is approximately five years behind schedule. A door plug ejected during
00:22 an Alaska Airlines 737 Max 9 flight on January 5th, leading to an FAA-mandated grounding of that model.
00:29 With 79 Max 9 aircraft in its fleet, United is the most affected carrier by the grounding,
00:33 which is expected to contribute to a first quarter loss for the airline. United Airlines
00:37 plan to update its fleet with 100 Boeing 737 Max 10 aircraft by 2020, but may exclude the Max 10
00:43 entirely. For all things money, visit Benzinga.com.