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Boeing abandons 2019 outlook

Boeing on Wednesday abandoned its 2019 financial outlook, said it had halted share buybacks in mid-March and announced $1 billion in increased costs due to the grounding of its 737 MAX jets.

Chicago-based Boeing is facing one of the biggest crises in its history following crashes involving its fastest-selling jetliner, one on Lion Air in Indonesia on October 29 and another on Ethiopian Airlines on March 10, which together killed all 346 on board.

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Boeing 737 MAX