Boeing Shares on Track for Worst Day Since 2016 After Airline Crash - News Summed Up

Boeing Shares on Track for Worst Day Since 2016 After Airline Crash


An investigation has been launched after an Ethiopian Airlines Boeing 737 MAX 8 crashed shortly after takeoff on Sunday, killing all on board. WSJ aerospace reporter Robert Wall discusses the possible focus of the investigation, and more. Photo: Getty ImagesShares of Boeing Co. tumbled Monday following Sunday’s deadly Ethiopian Airlines crash, putting the plane maker on course for its largest one-day stock drop in more than three years. Boeing stock fell as much as 13% early Monday after Indonesia joined China in grounding Boeing 737 MAX 8 aircraft in the wake of Sunday’s crash, which killed all 157 aboard and was the second deadly disaster involving the new model in recent months. The plane maker also postponed this week’s planned rollout of the 777X jet in the wake of the crash.


Source: Wall Street Journal March 11, 2019 14:18 UTC



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