'I will never hesitate' to fly in a 737 MAX, Warren Buffett declares

Billionaire Warren Buffett, one of the world's most influential businessmen, said Saturday that he would not hesitate to fly in a Boeing 737 Max airplane, despite the grounding of the planes after two fatal crashes.

Warren Buffett said "planes have never been so safe".

Warren Buffett said "planes have never been so safe". Source: AAP

Billionaire Warren Buffett, one of the world's most influential businessmen, said he would not hesitate to fly in a Boeing 737 Max airplane, despite the grounding of the planes after two fatal crashes.

"I will never hesitate even for a second to fly on a 737 MAX," he said in response to a question from AFP on the sidelines of the annual shareholder meeting of his Berkshire Hathaway empire in Omaha.



While Buffett, the world's third-richest man, owns stakes in several of the most prestigious American companies -- from Coca-Cola to JPMorgan Chase, Goldman Sachs to Apple and, recently, Amazon -- he holds no shares in Boeing, though he has invested in airlines.

Buffett was responding to a question about the damage to Boeing's reputation after 737 MAX planes were involved in two fatal crashes that left a total of nearly 350 people dead in a span of less than five months.

Boeing's entire 737 MAX fleet has been grounded since shortly after the latest crash in March, while investigators study the incidents and engineers work on solutions.




Another Boeing plane -- a 737 model that preceded the MAX line -- was involved in a rough landing late Friday in Jacksonville, Florida, when it skidded off a runway and into a river, but without causing any serious injuries.

"Planes have never been so safe," Buffett said, even as he encouraged Boeing CEO Dennis Muilenburg to always make safety a priority.


Share

2 min read

Published

Updated

Source: AFP, SBS



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world