Boeing shares drop on 737 Max 9 concerns; Airbus hits record on orders
All sessions on the IG platform, the stock of Boeing is adding to the 8% drop on Monday, the biggest one day drop since October 2022.
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Boeing share price drops drastically as aircraft problems discovered
This drop in stocks all comes after a section of the fuselage fell from an Alaska Airlines Boeing 737 Max 9 on Friday. Reports are also coming in from United Airlines of bolts in need of "additional tightening" during inspections of Boeing 737 Max 9s. United Airlines said "installation issues" relating to door plugs would be "remedied" before the aircraft type would return to service. Other reports have come in too from Alaska Airlines which says it too, has since found "some loose hardware" on some Max 9s. The Federal Aviation Administration (FAA), which regulates air travel in the US, has grounded 171 planes of the same type.
Airbus stock hits record high
Meanwhile, Airbus stock hits a record high with Reuters reporting the company is nearing an order from Delta Air Lines for dozens of wide-body jets including extra A350-1000 aircraft. It says that, depending on last-minute negotiations, a deal could be made public as early as Friday when Delta reports its fourth-quarter earnings.
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