Boeing says it’s abandoned its 2019 financial outlook and halted share buybacks in mid-March as it deals with the crisis

The global grounding of Boeing’s 737 Max jets will cost the company more than $1bn, the company said on Wednesday.

The jets were grounded after two fatal crashes that killed 346 people and have triggered investigations into the accidents across the world and left Boeing with one of the biggest crises in its history.

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Read More Global grounding of Boeing 737 Max will cost company more than bn

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