Boeing: shares fall after 737 MAX plane crash
(CercleFinance.com) - Shares in Boeing fell on Monday after the weekend crash of a 737 MAX plane raised worries over the fastest-selling airplane in Boeing's history.
Shares in the US aerospace giant, which had risen over 31% year-to-date, are tumbling 9% to 385.2 dollars in pre-market trading on Monday, after closing at 422.5 dollars on Friday.
An Ethiopian Airlines plane crashed yesterday on a scheduled flight from Addis Ababa to Nairobi, killing all 149 passengers and 8 crew members onboard.
Boeing has sent a technical team to the crash site to provide technical assistance under the direction of the Ethiopia Accident Investigation Bureau and US National Transportation Safety Board.
Although the cause of the accident is not yet known, Ethiopian Airlines has decided to ground its entire B-737-8 MAX fleet, until further notice.
China has also ordered all of the country's airlines to ground the Boeing 737 MAX 8 aircraft following the fatal crash, the Wall Street Journal reported.
The 737 MAX has been Boeing's fastest-selling airplane to date. It was already involved in a fatal crash in Indonesia last year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Shares in the US aerospace giant, which had risen over 31% year-to-date, are tumbling 9% to 385.2 dollars in pre-market trading on Monday, after closing at 422.5 dollars on Friday.
An Ethiopian Airlines plane crashed yesterday on a scheduled flight from Addis Ababa to Nairobi, killing all 149 passengers and 8 crew members onboard.
Boeing has sent a technical team to the crash site to provide technical assistance under the direction of the Ethiopia Accident Investigation Bureau and US National Transportation Safety Board.
Although the cause of the accident is not yet known, Ethiopian Airlines has decided to ground its entire B-737-8 MAX fleet, until further notice.
China has also ordered all of the country's airlines to ground the Boeing 737 MAX 8 aircraft following the fatal crash, the Wall Street Journal reported.
The 737 MAX has been Boeing's fastest-selling airplane to date. It was already involved in a fatal crash in Indonesia last year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.