DUBLIN — In the wake of the Lion Air and Ethiopian Airlines crashes, the world decided that enough was enough and grounded the Boeing 737 MAX 8. It took US authorities and Boeing a little longer to admit that there were problems with the bestseller plane. But now, as Boeing continues to work on fixes to the system that appears to have precipitated both crashes, the costs of Boeing's apparent errors is starting to mount. So far, the company estimates that the grounding has come with a $1 billion price tag, and that number looks set to grow. All in all, Boeing has not handled the 737 drama well. It was slow to respond to events and has consistently denied that there are any problems even as it works to fix them. The company's policy of charging extra for safety features has also made it look like an organisation that doesn't care enough about safety. Hopefully, by hitting it where it hurts – in the wallet – the 737 saga will encourage the company to reconsider its processes and approach. – Felicity Duncan

Boeing says 737 MAX grounding will cost more than $1bn

By Doug Cameron

Boeing said it would take an initial hit of more than $1bn on the global grounding of the 737 MAX and suspended full-year financial guidance, providing a first look at the financial damage from two fatal crashes of its best-selling plane.

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