Boeing Stock Slides After Airlines 777 Jet

Boeing’s stock price plummeted on Monday as it advised airlines to land dozens of aircraft, which were to blow up in Denver this weekend.

Prepaid trading in Chicago-based Planmaker’s shares plummeted 2.9 to $ 211.12 by 8:28 a.m. as regulators investigated safety concerns over Boeing’s 777 jets.

On Sunday, Boeing recommended that the airlines suspend operations of all 777s with the Pratt & Whitney 4000-112 engine – one of which was reported to have caught fire on a United Airlines flight on Saturday, causing an emergency landing and A large piece of the engine cover causes it to land on the suburban front yard.

The company’s guidance came after the Federal Aviation Administration called for immediate or step-up inspection of a group of 777 jets. Japan’s Ministry of Transport too There two carriers were ordered to stop their use

Of planes.

According to Boeing, “We are working with these regulators because these aircraft are on the ground and conducting further inspections.” Said in a statement.

According to Boeing, some 69 of the 777 jets affected are currently in service and another 59 are in storage.

Boeing recommended that the airlines suspend operation of all 777s with the Pratt & Whitney 4000-112 engine.
Boeing recommended that the airlines suspend operation of all 777s with the Pratt & Whitney 4000-112 engine.
REUTERS / Kamil Kraszynski

United, the only American airline with a PW4000 engine in its fleet, has said that it will temporarily remove 24 of its active aircraft with that type of engine from its schedule.

While no one was injured in the Honolulu-bound plane that sank, the incident caused another headache for Boeing as it tries to overcome the 737 Max scandal.

The players made it clear that the jet model was to be returned to the sky in November, two years after it killed 346 people in the wake of two accidents. The crash resulted in a federal investigation and a shakeup in Boeing’s executive suit.

With post wires

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