Boeing shares set to see $21 billion wiped off their value after stocks fall 11 percent and firm POSTPONES launch of new 777X following Ethiopian Airlines disaster that claimed 157 lives
Shares in Boeing are set to see $21 billion wiped off their value at the opening of U.S. markets on Monday
Stocks fell 12 percent in early trading in the wake of the deadly crash in Ethiopia that left 157 people dead
The company is on track for one of its worst trading days in nearly two decades
The sharp fall in Boeing stocks caused the Dow to plunge 242.24 points
The Ethiopian Airlines 737 MAX 8 plane crashed Sunday, killing all 157 on board
In October a 737 MAX 8 crashed in Indonesia, killing all 189 passengers on board
Civil Aviation Administration of China suspended all Boeing 737 planes Monday
The company announced on Monday it would delay the launch of its new 777X jetliner in the wake of the disaster
By EMILY CRANE
DAILYMAIL.COM
11 March 2019
Shares in Boeing are set to see $21 billion wiped off their value after stocks fell 12 percent following a second deadly crash in six months involving one of the firm’s new aircrafts.
Boeing stocks were down 12 percent in early trading on Monday to $375.72 – a day after a Boeing 737 MAX 8 crashed in Ethiopia and left 157 people dead.
The company is on track for one of its worst trading days in nearly two decades.
The sharp fall in Boeing stocks single-handedly caused the Dow to plunge 242.24 points at the opening.
Meanwhile, Indonesia and China have grounded all Boeing 737 Max 8 aircraft, while Ethiopian Airlines and Cayman Airways are doing the same in the wake of Sunday’s tragedy.
The company announced on Monday it would delay the launch of its new 777X jetliner.
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