2024-01-08 11:15:40
Boeing shares fell in early trading on Monday by 8 percent, following the US Federal Aviation Administration ordered the temporary grounding of some Boeing 737 MAX 9 aircraft.
A piece of the fuselage tore off the left side of an Alaska Airlines plane on Friday as it was climbing following taking off from Portland, Oregon, forcing the pilots to return and land safely with all 171 passengers and six crew members on board, according to Archyde.com. ».
Boeing is a competitor to the European company Airbus, which has expanded its market share since the crash of two Boeing Max planes in 2018 and 2019, killing nearly 350 people, and this led to the cessation of Max planes from operating in the country. All over the world for 20 months.
Early Monday, Airbus shares rose 1.25 percent. Industry sources said that the company will announce this week that it delivered 735 aircraft last year, surpassing Boeing to remain the largest aircraft maker in the world for the fifth year in a row.
Airbus declined to comment on its annual performance before the January 11 commercial update.
Boeing shares in Frankfurt trimmed some of their early losses, falling 6.5 percent by 08:35 (GMT).
Boeing CEO Dave Calhoun said on Sunday that the company’s response to the accident was its main focus at the moment as regulators conducted an investigation.
The planemaker also plans to hold a company-wide safety webcast on Tuesday to address its response. It also canceled the leadership summit for the company’s vice presidents that was previously scheduled to be held on Monday and Tuesday.
A federal official said on Sunday that the Boeing plane that exploded while flying over Oregon was not being used on flights to Hawaii following a warning light that might have indicated a pressurization problem appeared on three different flights.
National Transportation Safety Board Chairwoman Jennifer Homendy said Alaska Airlines decided to prevent the plane from making long flights over water so that the plane might return very quickly to the airport if the warning light came on once more.
Homendy warned that the pressure light may not be related to the accident that occurred Friday when a plug covering an unused exit door of a Boeing 737 MAX 9 exploded while it was sailing three miles (4.8 kilometers) over Oregon.
The warning light had been activated during three previous trips: on December 7, January 3 and 4, the day before the door plug broke. Homendy said she did not have all the details regarding the December 7 incident, but she determined that the light appeared during a flight on January 3 and 4 following the plane landed.
* Vistara confirms delivery of Boeing aircraft
On a parallel level, the Indian airline Vistara announced on Monday that it is confident of receiving the last of its 787 wide-body aircraft from Boeing by March or April, despite the recent accident of a narrow-body 737 MAX aircraft. 9, which lost part of the plane’s fuselage.
Vistara CEO Vinod Kannan said in a media call on Monday that the company will reach a fleet size of 70 aircraft by March or April 2024, well ahead of the previous schedule of the end of 2024.
He added that the company also expects to obtain all legal approvals for its merger with the largest airline, Air India, in the first half of 2024 and to merge operations by mid-2025 at the latest.
Kannan explained that Vistara is closely following developments related to the 737 MAX 9, but he clarified that the accident that occurred on Sunday involving a new Alaska Airlines plane would not affect them.
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