The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing supplies some of the largest airlines in the world and has a wide variety of different aircraft for varying ranges – including super long-haul dream liners that take passengers on 18-hour continuous flights. Last summer Boeing seemed to be recovering from their previous issues including a crash with their 787-max model. Over the past nine months Boring has been developing their most anticipated plane – the 787 Dreamliner. Unfortunately, the plane has been running into many issues.
The issues have just grown even larger for Boeing because yesterday another one of their airplanes crashed. A China Eastern Airlines’ Boeing 737-800 plane crashed into the mountains over China’s Guangxi region with 132 people on board — 123 passengers and 9 crew members. The crash seems to have been sudden with flight-tracking websites showing the plane plunge over 29,100 feet in a mere two minutes. Boeing shares were down more than 5% in early trading Monday as, yet another tragic crash was added to their list of more than a few over the past few years. Chinese authorities are conducting a search and rescue but have yet to confirm any deaths. What do you think about the crash? And will it affect if and how you invest into airplane stocks?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.