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737 Maximum damage should hit Boeing shareholders

American Airlines is determined to get Boeing shareholders to pay the price for flight disruptions caused by the aircraft manufacturer's ongoing 737 Max dilemma, CEO Doug Parker told CNBC on Friday.

A day after American Airlines reported mixed results in the third quarter, Parker doubled its belief that Boeing should be responsible for deficits related to the global landing of the 737 Max-Jet model after two fatalities.

The American fleet comprised 24 of the jets, and the airline was in operation earlier this year, ordering another 76 at Boeing.

"The reality is that we've already done all kinds of damage to our customers, our team and our shareholders," he said in a "Mad Money" interview with Jim Cramer. "Certainly the shareholder's share should be borne by the Boeing shareholders rather than the American Airlines shareholders."

In July, the Fort Worth-based airline announced that the 737 Max primer, which was due to faulty software, forced the company to resign about 1

15 flights per day. Hiring 737 Max flights across the airline industry has reportedly cost nearly $ 1 billion. American Airlines estimates that the total annual profit from the problem has hit $ 540 million.

In July, Boeing posted a $ 5.6 billion pre-tax charge due to the 737 Max Primer.

"While we would not comment on private conversations with our customers, we sincerely regret the impact that this has had on their business and their passengers, and we continue to work to support them and make the impact individual, customer for Customer, "said Boeing Communications Director Chaz Bickers in an email to CNBC.

Parker told Cramer that the two parties had "preliminary discussions" and that Boeing agreed that the concerns of the airline were justified.

An Indonesian investigation into the crash of a Lion Air 737 in October 2018 Max Jet, who killed 189 people after another crash with the same aircraft model and 157 people in Ethiopia, concluded that the aircraft needed a better cockpit design , Further investigations of the aircraft are still pending.

"It's difficult to conduct final negotiations until you know what the actual damage is, and we do not know what the actual damage will be until the plane flies again," Parker said. "Of course that's more important, but I feel fine, once we can lower the brass tax, they'll come to the table and be prepared to do the right thing."

The regulators have not yet approved Boeing's software changes to the flight control system have been approved.

However, American Airlines' pilots will be ready to fly in due course, Parker said.

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