‎“Boeing” under pressure on Max aircraft.. Its stock down ‎sharply ‎

The giant aircraft manufacturer “Boeing” was exposed to a new accident that is considered an addition to a series of crises that the company has faced during the past few years, which brought to mind memories of previous air disasters, and opened the door to many questions about the company’s status and future!! Origin of the story: A recent report on CNBC asked whether the incident was accidental or a new crisis?! Considering that Boeing’s attempts to recover from the series of successive crises it faces have been dealt a new blow after its best-selling plane was involved in an accident that did not lead to serious losses, but it will open the door to questions about the company’s status in the coming period.

Part of the fuselage of the Boeing 737 MAX 9, operated by Alaska Airlines, was torn off during takeoff from Portland, Oregon, on its way to Ontario, California. This incident caused the plane to make an emergency landing to ensure the safety of all 171 passengers.

Both United Airlines, which is United Airlines, and Alaska Airlines announced the suspension of all flights for aircraft of this type, forcing the two companies to cancel more than 400 flights. A number of factors prevented a disaster from occurring due to the accident, most notably the presence of a number of vacant seats, which helped avoid serious injuries.

This comes amid the severity of the accident, which caused some headrests and seats inside the cabin to be torn. The decision prompted the Federal Aviation Authority to ground 171 aircraft of the same model to conduct safety checks. According to the report, the plane that was involved in the accident was received by Alaska only 3 months ago.

Boeing shares witnessed a sharp decline yesterday, while the investigation continues to shed light on the causes of this defect, according to Agence France-Presse. The report indicated a decline in the aircraft manufacturer’s share price by 8.38%, in the first exchanges on the Wall Street Stock Exchange. The share price of its main subcontractor, Spirit AeroSystems, also fell sharply by 13.74%.

Series of crises:

In March 2019, Boeing 737 MAX aircraft, a passenger plane that entered service in 2017, were required to remain on the ground by aviation authorities and airlines in most parts of the world after two crashes of that type of aircraft that claimed a total of 346 lives. .

Seventeen months after the plane entered service, Lion Air Flight 610 crashed, when a 737 Max 8 jet plunged into the Java Sea twelve minutes after takeoff on October 29, 2018, killing all 189 passengers on board. .

On March 10, 2019, Ethiopian Airlines Flight 302, also a Max 8, crashed six minutes after take-off, killing all on board.

The future of the company:

This incident thrusts Boeing into the spotlight again, where CEO Dave Calhoun is trying to reassure investors that Boeing will return to a better position after a series of problems, including two accidents that killed 346 people, the devastation of the supply chain due to the epidemic and a series of quality defects.

For his part, Ross Mold, investment director at AJ Bell, pointed out that Friday’s incident is the latest in “a series of problems facing the company,” pointing out that airlines that use 737 MAX aircraft “will think long and seriously about Requirements for its future aircraft

“It is natural that questions will be asked about quality checks and whether Boeing is trying to do too much too quickly,” Mold said. He added that Boeing’s management will be under great pressure from regulators and customers to explain what is happening, which means major headwinds that the company will face. It is no wonder that investors are racing to sell stocks as the risks threatening the investment situation increase.