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Chinese airlines’ losses from grounding of Boeing 737 Max around 4 billion yuan by June end

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The China Air Transport Association (CATA) estimates that the losses at Chinese airlines caused by the grounding of Boeing Co’s 737 MAX aircraft will reach around 4 billion yuan ($579.32 million) by the end of June.

“We sincerely hope Boeing will place great importance to the compensation requests made by our member companies and offer solutions in a reasonable and legal manner,” said CATA in a statement released on Friday.

“As time passes, associated losses will further increase . . .

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