Ethiopian crash raises pressure on Norwegian Air Shuttle
Most of the focus in the aftermath of the Ethiopian air crash this month has focused on Boeing, the manufacturer of the ill-fated 737 Max aircraft. But a different aerospace company — Norwegian Air Shuttle — has been harder hit by stock markets since the crash. Its shares fell by close to 10% Wednesday on the back of a brutal analyst downgrade from HSBC, bringing its total losses since the Ethiopian crash to more than 16%. Boeing is down 10% in the same period. Norwegian itself had 18 of the 737 Max aircraft, out of a fleet of about 160 planes, and is demanding compensation from Boeing for their grounding. But for analysts and investors, the fallout from the crash has raised renewed questions about Norwegian’s stretched finances and its ability to survive. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-22/unaligned/ethiopian-crash-raises-pressure-on-norwegian-air-shuttle
https://portal.staralliance.com/cms/logo.png
Ethiopian crash raises pressure on Norwegian Air Shuttle
Most of the focus in the aftermath of the Ethiopian air crash this month has focused on Boeing, the manufacturer of the ill-fated 737 Max aircraft. But a different aerospace company — Norwegian Air Shuttle — has been harder hit by stock markets since the crash. Its shares fell by close to 10% Wednesday on the back of a brutal analyst downgrade from HSBC, bringing its total losses since the Ethiopian crash to more than 16%. Boeing is down 10% in the same period. Norwegian itself had 18 of the 737 Max aircraft, out of a fleet of about 160 planes, and is demanding compensation from Boeing for their grounding. But for analysts and investors, the fallout from the crash has raised renewed questions about Norwegian’s stretched finances and its ability to survive. <br/>
