Boeing Woes The latest countries to temporarily ban Boeing 737 Max planes are Australia and Singapore—following China and Indonesia's lead—while carriers that have suspended use of the models now include Aeromexico, Comair, Aerolineas Argentinas, Eastar Jet, Cayman Airways and, of course, Ethiopian Airways, whose 737 Max 8 crash triggered the latest crisis. The U.S isn't grounding the planes, but is demanding speedy design changes. Boeing's share drop yesterday ended up being around 5%, after falling almost 10% at one point, but it's continuing to slide today. 10 Daily
How in the hell did not one engineer see this coming? Hiring subpar engineers from India to save a few bucks?
%% BA has a good problem to have VanZA; huge run from $140 to $444.44 area, great dividend.................................................... I saw an 1/4 page/+ ad wanting to buy a block trade of 10,000, BA,@ $333 in IBD[Investors Business Daily/Weekly.] I'll try to find it{exact ad} before expiry, late MARCH. 2019 Looks like Europe funds are short+ they have Europe's regs helping them on shorts??[NOT a prediction, look on the bright side= it helped dragged DOW down + SDOW Up LOL],
Can these airlines that can no longer operate these brand new planes sue Boeing for lost revenue and other things?
%% I think i read that in WSJ paper also LOL, KC. Good thing airline pilots are trained with discretion; NEVER trust a machine blindly .....,
I am going to guess and say there is a provision for that in the contract just like delayed delivery.