Norwegian Air blames Boeing 737 grounding for losses

Norwegian Air claims the grounding of Boeing’s 737 MAX jets will cost the airline up to $58 million, as reported in the company’s first quarter results. Boeing’s decision to ground its entire fleet of 737 MAX aircraft following a fatal accident in Ethiopia last month, has meant that Norwegian Air has been forced to lease other aircraft and rebooking passengers on other flights. This has impacted the airline after it posted first quarter pre-tax losses of approximately $231 million. “I’m pleased with the positive developments this quarter, despite the 737 MAX issues. We have taken a series of initiatives to improve profitability