Boeing shares fall after probe report into FAA approval of 737 MAXThe company logo and trading informations for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, March 13, 2019. The Seattle Times separately reported that Boeing’s safety analysis of a new flight control system on 737 MAX jets had several crucial flaws. Shares of the company have declined about 10 percent since the March 10 Ethiopian crash that killed 157 people, wiping nearly $25 billion off its market capitalization, according to Refinitiv data. Ethiopia said on Sunday that the crash of the Ethiopian Airlines plane had “clear similarities” with October’s Lion Air crash. Last Monday, Boeing said it would deploy a software upgrade to the 737 MAX 8, hours after the FAA said it would mandate “design changes” in the aircraft by April.

Source: Standard Digital March 18, 2019 11:03 UTC