- January 8, 2024
- Posted by: legaleseblogger
- Category: Related News
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Boeing Shares Tumble 8.4% in Premarket Trading While Airbus Gains
An Alaska Airlines Boeing 737-9 aircraft during an event showcasing the latest updates in the ecoDemonstrator program at Boeing Field in Seattle, Washington, U.S., on Monday, Sept. 27, 2021.
David Ryder | Bloomberg | Getty Images
Shares of Boeing fell in premarket trade Monday, as markets digested the news that the Federal Aviation Administration had ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. Shares were down around 8.43% at 6:45 a.m. ET. Meanwhile, Airbus shares rose 2.45% Monday morning in France, bucking the downward trend in Europe. The Federal Aviation Administration on Saturday said around 171 Boeing planes worldwide would be affected by its emergency airworthiness directive, which requires aircraft to be inspected before flying again. Russ Mould, investment director at AJ Bell, noted that Friday’s blowout incident is the latest in a “string of problems for the company,” and suggested airlines using 737 Max planes will be “thinking long and hard about their future aircraft requirements.” An AI legalese decoder can help with the situation by providing detailed analysis and interpretation of aviation regulations, legal requirements, and compliance standards, guiding Boeing and other companies in the aviation industry through the necessary steps to address the concerns and ensure airworthiness and safety compliance.
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– Elliot Smith
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