Sunday, October 25, 2020

Boeing shares plunges around 14 percent in two days

Featured

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the...

GIP releases inaugural annual report at second plenary meeting

The Second Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP) was held today in...

Pakistan re-elected as member UNHRC

Pakistan has been re-elected to the United Nations Human Rights Council (HRC) with an overwhelming majority securing 169 votes...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

After the crash of a passenger plane in Ethiopia with 157 fatalities, the relatively new aircraft type, Boeing 737 MAX 8 remain in several countries on the ground. This is bad news for the Boeing Group. Investors in Dow jones Industrial (DJIA) are reacting accordingly.

On the stock exchange, the news triggered a price slide at Boeing. The listing declined around 7% to $370.73, it plunged 14 % in two days, after having increased almost one-third since the beginning of the year.

Trimmed for less fuel consumption, the Boeing 737 Max range is considered a bestseller. The model is remake of the Boeing 737, built since the 1960s, and is being delivered in the new form with larger and more fuel-efficient engines since 2017.

Last year, Boeing had achieved a record $ 10.5 billion in sales of $ 101 billion. In 2018, more than 70 percent of the 806 aircraft delivered were variants of the Model 737. The new model Max with more fuel-efficient engines competes with Airbus most successful model A320neo.

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

50 million Americans voted by mail in the presidential election so far

More than 50 million Americans cast their ballots in the US presidential election by mail 11 days before the...

Remains of ships sunk hundreds of years ago discovered in Utbury, Sweden

Archaeologists in Sweden have discovered the remains of small, sunken ships dating back 400 years ago, during excavations in central Gothenburg in the coastal...

New York authorities preparing for possible riots after the election

New York City Mayor Bill de Blasio announced that the major American city authorities are preparing for possible unrest and riots in the city...

Trump: 180 million Americans would miss health care plans if Biden came to power

US President Donald Trump did not stop attacking his rival in the US presidential election, Democratic candidate Joe Biden, sending a message to Americans,...

The European Court of Human Rights condemns Turkey of violating the right to freedom of expression

The European Court of Human Rights has convicted Turkey of violating the right to freedom of expression of two university students who have been...

Related News