Boeing is once again suffering from problems with its airplanes on the stock market. The shares of the American manufacturer have opened this Monday on Wall Street lower after the immobilization of the vast majority of the aircraft of the 737 Max 9 model decided by the aeronautical authorities following the incident last Friday in Oregon. An Alaska Airlines flight had to make an emergency landing after part of the fuselage, the gap that in other configurations is reserved for a security door, detached in mid-flight. Boeing shares have opened with a fall of 8.5%, the equivalent of a loss in value of about 13 billion dollars (about 12 billion euros).
The biggest drop, however, is that affecting Spirit AeroSystems, based in Wichita, Kansas, the manufacturer of the panel that detached from the fuselage. Its shares have suffered falls of close to 15% in the early stages of trading. The price of Alaska Airlines, which has 65 aircraft of the 737 MAX 9 variant, has also opened lower, with a decrease of 5%.
In total there are 215 devices of this variant operational, according to data provided by the consulting firm Cirium to EL PAÍS. United Airlines has 79; the Panamanian Copa, 29, and the Mexican Aeroméxico, 20. Turkish Airlines has 5 and the rest are widely distributed among a few other companies.
Alaska Airlines initially grounded all 65 of its 737-9 Max planes hours after the crash. It later allowed 18 of the planes to resume flying after receiving detailed maintenance inspections prior to the incident. However, it subsequently removed all devices from service again.
United Airlines is also temporarily grounding its planes. The next step is for the airline to determine with the Federal Aviation Administration (FAA) the inspection process and requirements for returning the planes to service. He had previously stated that 33 of the planes had passed the necessary inspections before grounding them all.
Panama's Copa Airlines said it had grounded 21 of its affected planes. The company has a total of 29 in its fleet, but operates them in two different configurations. Aeroméxico has followed in the footsteps of United and Alaska Air and has removed its 737-9 Max planes from service for inspections.
Rains, it pours. The incident has once again put Boeing and its 737 MAX model in the eye of the hurricane after its flight permit was withdrawn in 2019 — the American manufacturer even suspended its manufacturing — following two fatal accidents that cost it its life. to more than 300 people. In October 2018, the flight crashed in the Java Sea, Indonesia. 610 from the low-cost company Lion Air operated by a 737 MAX 8; A few months later, in March 2019, 157 people died on Ethiopian Airlines Flight 302 in the largest air disaster of that year — the plane model was the same.
The investigation that was launched after the two accidents revealed flaws in the design of the model's stabilization system (MCAS) and that the company, despite having assured that the 737 MAX were as safe as any other type of aircraft, knew of the flaw. For misleading investors, the US Securities and Exchange Commission (SEC) fined the company $200 million and imposed a penalty of another million on its former CEO, Dennis A. Muilenburg. The FAA maintained the ban on the 737 MAX from flying until November 2020.
[Noticia de última hora. Habrá ampliación en breve]
Follow all the information Economy and Business in Facebook and xor in our weekly newsletter
The Five Day agenda
The most important economic quotes of the day, with the keys and context to understand their scope.
RECEIVE IT IN YOUR EMAIL
#Boeing #falls #sharply #stock #market #immobilization #MAX