Boeing yields 1.77% on the stock market before US scrutiny for air accidents

 New York, .- The aeronautical giant Boeing fell 1.77% on the New York Stock Exchange on Monday, after it was known that the US Government has launched an investigation into the approval by the Federal Aviation Administration (FAA) of the crashed 737 MAX aircraft.

At the end of the session, the shares of the firm, the most affected in the Industrial Dow Jones group, were trading at $ 372.28, that is, $ 6.71 less than what they were worth on Friday.

According to The Wall Street Journal, the Department of Transportation has opened an unusual investigation into possible failures in the federal security approvals for new aircraft, in reference to the model of Boeing 737 MAX 8, which has starred in two deadly incidents in six months.

The investigation focuses on a security system that has been implicated in the Lion Air accident of October 29 that killed 189 people, according to a government official quoted by the Journal.

Thus, Boeing started the week with losses, after closing the session on Friday with a rise of 1.52%, to see Wall Street investors a buying opportunity in their titles.

Boeing has lost 10.57% of the value it had a month ago, although it is above its last year’s stock market value.

Right now the aeronautics based in Chicago (Illinois) is in the final phase of updating the software of the crashed devices, according to the CEO, Dennis Muilenburg.

The two accidents have caused the biggest crisis for Boeing in about two decades, threatening the sales of an aircraft model that has been the firm’s most stable source of revenue and potentially making it slower and harder to obtain future aircraft designs. certified as insurance to fly.

The 737 MAX 8 models can no longer fly over the airspaces of more than fifty countries, including the United States or members of the European Union.

The decision of the US authority was announced last week, a resolution that Boeing claimed to have “recommended”, and that also entailed the stoppage of the delivery of new aircraft of the 737 MAX family.

However, aeronautics – with 4,636 pending orders – plans to continue with the production of 52 new models per month. (EFEUSA)


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