Boeing Stays Grounded ✈

Boeing Stays Grounded

More bad news for Boeing as a 737 Max was forced to make an emergency landing yesterday after experiencing an engine performance issue. Yikes, here we go again!

Even though the previous incidents involved the anti-stall systems in the 737 Max, rather than engine failure issues, authorities were ultra-cautious and grounded the aircraft in line with airport protocol. The FAA is investigating the incident, but this may represent the final strike for Boeing’s 737 Max. 

Since the second crash, Boeing’s share price has dropped almost 12% as both countries and airlines grounded the planes for inspection and maintenance. Despite the terrible news affecting Boeing, it has still managed to remain competitive against its main rival, Airbus. Impressive stuff!

In the aftermath of the crash, Airbus’ share price jumped 3.5% before nosediving back to roughly equal terms. Airbus did take a sizable win from a Chinese order of 300 aircraft on Monday, and looks set to take the lead in the decade-long battle as a production delay could mean a $5bn revenue hit for Boeing in the first quarter of this year. But the war is far from won. 

Analysts are positive that once insurance cuts the bill down to approximately $2bn, the US airliner will be wheels up and recouping its revenues in no time. 

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