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06.03.2020

Boeing sees light at the end of the tunnel

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Boeing shares plunged 8% on Thursday and could stage a bounce on the news

Stocks impacted: The Boeing Company (BA)

According to the Federal Aviation Administration chief, the certification flight for the Boeing 737 Max could happen within the coming weeks. The experts at the FAA will assess the changes that the company has made and determine whether or not the aircraft is fit to be used by airlines in US airspace. Once the organization completes its own approval process, the European Authority for Aviation Safety will test the Boeing 737 Max independently. Anyway, at least the aerospace manufacturer starts to see light at the end of the tunnel after a troubled period, as the 737 MAX has been grounded for almost a year after two fatal crashes killed nearly 350 people in five months. Boeing shares plunged 8% on Thursday and could stage a bounce today, but the upside potential will likely be limited due to a broad-based risk aversion amid the ongoing coronavirus outbreak.

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