UPDATE 1-China airline association estimates losses from 737 MAX grounding at $579 mln
(Adds further comments from CATA statement, compensation requests, context on crashes, expected approval to return to service) BEIJING, May 24 (Reuters) - The China Air Transport Association (CATA) on Friday said it estimates losses at Chinese airlines caused by the grounding of Boeing Co's 737 MAX aircraft will reach around 4 billion yuan ($579.32 million) by the end of June. China was the first country to ground the 737 MAX two months ago after a crash in Ethiopia killed 157 people in March, in the second such incident for Boeing's newest ...
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