Boeing faces new hurdles
Boeing shares declined after an international aviation body added pressure on the company to coordinate 737 Max pilot training for all regulators and airlines around the world.
Reports that several additional months of work on the 737 Max will be needed sent stocks 3% lower
Stocks impacted: Boeing (BOE)
The organization asked for an “alignment on additional training requirements for Boeing 737 MAX flight crew.” As a new issue was identified by the FAA, several additional months of work on the 737 Max will be required. By the way, Southwest Airlines said it will not schedule Boeing 737 MAX flights until at least October 1, while United Airlines extended its cancellations into September. According to some estimates, the 737 Max grounded for an additional six to nine months. After the news, Boeing stocks fell and closed nearly 3% lower.
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