Lion Air crash puts Boeing’s popular 737 Max in spotlight
The investigation into the crash of Lion Air Flight 610 carries high stakes, not just for the rapidly expanding carrier but also for Boeing, which counts the airline as one of the biggest buyers of the 737 Max 8 aircraft type involved in the accident. Boeing shares fell 6.6% after the accident Monday, their sharpest one-day drop since Feb 2016. Other companies with large defence businesses declined by a similar amount on concerns about a shrinking Pentagon budget. Boeing said it is providing “technical assistance at the request and under the direction of govt authorities investigating the accident.” The investigation is at an early stage and authorities have given no indication that an equipment fault led to the accident. US airlines are major buyers of Boeing’s 737 Max 8. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-30/unaligned/lion-air-crash-puts-boeing2019s-popular-737-max-in-spotlight
https://portal.staralliance.com/cms/logo.png
Lion Air crash puts Boeing’s popular 737 Max in spotlight
The investigation into the crash of Lion Air Flight 610 carries high stakes, not just for the rapidly expanding carrier but also for Boeing, which counts the airline as one of the biggest buyers of the 737 Max 8 aircraft type involved in the accident. Boeing shares fell 6.6% after the accident Monday, their sharpest one-day drop since Feb 2016. Other companies with large defence businesses declined by a similar amount on concerns about a shrinking Pentagon budget. Boeing said it is providing “technical assistance at the request and under the direction of govt authorities investigating the accident.” The investigation is at an early stage and authorities have given no indication that an equipment fault led to the accident. US airlines are major buyers of Boeing’s 737 Max 8. <br/>
