Alaska Airlines crash: Boeing shares fall amid investigation into 737 MAX 9 incident
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The fall in the shares of the American aircraft concern Boeing exceeded 25% after the Ministry of Justice opened a criminal investigation into the accident with the plane 737 MAX 9 of the company Alaska Airlines.
About this informs Bloomberg.
The stock fell 4.4% on March 11, its biggest one-day drop since January 25, it said.
Alaska Airlines — the carrier that suffered a fuselage panel on a 737 Max flight earlier this year — confirmed the government’s investigation. Federal prosecutors have convened a grand jury as part of the investigation.
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The company has previously been accused of failing to provide the names of employees who worked on the Alaska Air jet and failing to provide documentation of how the relevant work was performed. Later, the Boeing company provided those names and confirmed that she has no record of working on the Max 9 panel.
Read also: “Reputational minefield”: how the accident on board Alaska Airlines threatens Boeing
We will remind:
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The US Federal Civil Aviation Administration (FAA) during the audit of Boeing and Spirit AeroSystems, conducted after the incident with the Boeing 737 MAX 9 aircraft of the Alaska Airlines company, which had a door torn off during takeoff in Portland, revealed numerous cases of non-compliance with quality control requirements.
Boeing aviation concern released 737 Max program manager Ed Clark after the accident with Alaska Airlines Boeing 737 MAX 9 in early January.
Boeing aviation concern in January put 27 planes in the wake of the Alaska Airlines Boeing 737 MAX 9 accident at the beginning of the month – this is 29% less than in the first month of 2023.
In January, Alaska Airlines completed inspection of the first group of its Boeing 737 MAX 9 aircraft, which allowed the aircraft to be returned to service.
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