Boeing drops after 737 fix recommendation

Tuesday, 19. November 2019 18:10

Boeing stocks fell to session lows on Tuesday after the United States National Transportation Safety Board (NTSB) advised the company to fix thousands of its 737 airplanes over engine inlets.

In a review of a 2018 Southwest Airlines incident, the NTSB said that the design of the 737 caused a part of the engine to break a window in flight which caused the death of one passenger. The review means that Boeing is being asked to fix as many as 7,000 airplanes.

The incident report comes as Boeing awaits the final decision of the Federal Aviation Administration (FAA) on the 737 MAX plane.

Boeing stocks fell 1.44% to $363.58 per share at 1:54 pm ET.

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Author:
Breaking the News / VP