Boeing Stock Faces Fresh Crisis
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Even before today's incident, Boeing investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic and still faces government production restrictions on the 737 MAX that limits its cash flow and its ability to pay down that balance.
Once a crown jewel of American innovation, Boeing’s reputation nosedived after a series of safety failures in recent decades. Founded over a century ago as the
The recent Ahmedabad plane crash involved an Air India Boeing flight, resulting in over 200 fatalities. As investigations continue, the incident underscores Boeing's troubled history with safety.
With public perception of Boeing still on shaky ground, it will fall to executives to move the company past a series of regulatory crises.
Boeing Co. (NYSE: BA) faced a sharp 5% drop in its stock price yesterday following the tragic crash of an Air India Boeing 787-8 Dreamliner in Ahmedabad, India.
Boeing shares plunge nearly 8% after a fatal Air India 787 Dreamliner crash in Ahmedabad kills 247. Market value drops by £7.1B ($9B) amid renewed safety concerns and investor uncertainty.