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SEVERAL COUNTRIES have grounded Boeing’s 737 MAX after two catastrophic crashes.
What are the precedents and can the business recover? Also, China’s giant current-account surplus is vanishing. Could this lead to the Chinese economy opening up? And Volkswagen announces plans to cut jobs as it launches a fleet of new electric cars. Simon Long hosts. Runtime 18 min.
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U.S. says Boeing 737 MAX 8 airworthy but says Boeing will make design changesThe United States told international carriers on Monday that the Boeing 737 MAX ...
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Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures.
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Trump says that airplanes are becoming 'far too complex' after crash of Boeing jet in Ethiopia'I see it all the time in many products,' Trump tweets. 'Always seeking to go one unnecessary step further, when often old and simpler is far better.'
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FAA says Boeing 737 MAX planes are still airworthy, expects to mandate design changes by AprilThe Federal Aviation Administration told international airlines that Boeing 737 MAX planes remain airworthy yesterday, but airlines and even entire countries are grounding the Max 8.
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Airlines around the world ground Boeing 737 MAX jets after second fatal crashUK aviation regulators joined airlines and aviation regulators around the world in grounding Boeing 737 MAX jets following the second deadly crash of one of the popular planes in less than five months.
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Boeing downgraded because 737 Max accidents may cause 'some delay in orders'Edward Jones lowered its rating of Boeing shares to hold from buy on Monday.
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Nasdaq rises 1% as Apple and Facebook climb, Boeing pressures DowThe S&P 500 and Nasdaq Composite opened higher as they got a boost from tech shares like Apple and Facebook. The Dow was under strong pressure, however, as shares of Boeing dragged down the index.
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Boeing alone will cost the Dow more than 200 points as stock heads for big declineBoeing is set to tumble more than 8 percent on Monday, a move that will likely keep the Dow Jones Industrial Average lower on the day.
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Boeing shares fall sharply after second deadly 737 MAX 8 crashShares of Boeing sank as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.
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Stocks making the biggest moves midday: Boeing, Dick's, Stitch Fix & moreThese are the stocks posting the largest moves midday Tuesday.
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US transport chief reviewing fatal Boeing plane crashes 'very carefully'U.S. Transportation Secretary Elaine Chao said Monday that U.S. regulators are 'very carefully' reviewing the fatal crashes of two Boeing 737 MAX 8 planes.
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