The new revelations pose fresh challenges for Boeing, which is reeling under pressure after two fatal crashes forced the company to ground the planes and book billions of dollars in losses. Although Boeing continued producing the planes, albeit at a lower rate, the brokerages said there is an increasing possibility that the company may have to halt production altogether. “BA could be forced to furlough or fire a portion of its MAX workforce. This could result in lost labor force productivity when/if the MAX does return to service. UBS also downgraded Boeing’s biggest supplier, Spirit AeroSystems, to “neutral” from “buy” and cut its target price on the stock to US$88 from US$92, citing possible production cuts.

Source: New Strait Times October 21, 2019 12:33 UTC