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Trump Calls Boeing A 'Big, Big Disappointment'

AFP

   DAVOS, SWITZERLAND - President Donald Trump on Wednesday criticized
   Boeing as a "very disappointing company" because of the aerospace
   giant's recent problems after the grounding of the 737 MAX plane, which
   he said had a knock-on effect for the US economy.

   "This is one of the great companies of the world, let's say as of a
   year ago, and then all of a sudden things happen," Trump said in an
   interview on CNBC from the Davos economic forum in Switzerland.

   This "had a tremendous impact. You know, when you talk about growth,
   it's so big that some people say it's more than a half a point of GDP.
   So Boeing -- big, big disappointment to me," he said.

   Boeing had Tuesday officially pushed back the time frame for the 737
   MAX to return to the skies, sending shares plunging and overshadowing
   an earlier announcement of a first flight of the delayed 777X plane.

   The 737 MAX was grounded worldwide March 13, 2019 after two crashes
   claimed the lives of 346 people.

   US Treasury Secretary Steven Mnuchin said on Tuesday he believed that
   issues including the grounding of of Boeing 737 MAX plane had shaved
   some 0.5 to 0.7 of a percent point off the US growth rate.