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B-737 Max 9 plane crash (3): Boeing collapses on the stock market

Heavy backlash after Alaska Airlines flight incident

The value of the stock of the American Boeing Group, which operates in the aerospace and defense sectors, collapsed by -7.50% on the Frankfurt stock exchange, settling at 208.90 Euros, after having reached a low during the day of -8.4% on Wall Street. This is the heavy backlash (-10.71% in a few days) caused by the inconvenience that occurred on board the B-737 Max 9 aircraft of the Alaska Airlines company, in which an emergency door came off in flight.

"The spectacular accident will once again raise the question of Boeing's governance", said analysts from the US investment company Morningstar, who stressed that the manufacturer's reputation will be severely affected.

The stock market crash was fueled by the decision of the American Federal Aviation Administration (FAA) to temporarily ground over 170 B-737 Max aircraft, to subject them to immediate inspection. According to some industry experts, the costs related to the inspections would amount to 1.7 million dollars, while the payments owed by Boeing to the airlines would be around 18 million dollars. 

On the topic, see also the article published by AVIONEWS.

Gic - 1255786

AVIONEWS - World Aeronautical Press Agency
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