The shares of the American company Boeing lost 8.55% of its value to record $227.7 in pre-trading transactions, against the backdrop of the separation of the door of the “737 MAX 9” aircraft belonging to the American company “Alaska Airlines”, the grounding of 171 aircraft, and increasing doubts about the reliability of Boeing’s manufacturing operations.
investigation
The US National Transportation Safety Board is investigating this troubling event, focusing on Boeing’s manufacturing process and the components surrounding the door opener.
This has cast a strained shadow in Boeing’s relationship with one of its main suppliers, Spirit Aero Systems, to audit its operations after recent quality problems.
Richard Hilling, a former member of the Transportation Safety Committee, raised concerns about possible poor workmanship associated with door lock mechanisms and technology, stressing the need for a comprehensive investigation.
For its part, Boeing confirmed its full cooperation with regulators and customers by requesting an immediate inspection of the “737-9” aircraft similar in design to the affected aircraft, while analysts expect possible disruptions in Boeing’s manufacturing plans for 2024.
Possible slowdown
Bloomberg quoted analysts as expecting a possible slowdown in the pace of manufacturing, which would affect delivery targets for the year.
This bump comes at a critical time for Boeing, as investors expect an increase in the cash supply and a return to manufacturing rates before 2019.
The company is facing pressure to maintain quality standards and deliver defect-free aircraft, to maintain customer confidence.
CEO Dave Calhoun is facing a series of quality lapses that affect investors’ confidence in his competence, and what happened calls for a more focused turn in Boeing’s management strategies, as Calhoun previously stated that he aims to stabilize the company after the turbulent consequences of two fatal 737 MAX accidents approximately 5 years ago, noting. In a previous statement, he noted that it is “an important transitional year.”
Beijing subsequently stopped receiving 737 MAX aircraft from Chinese companies.
Recently, Boeing was forced to delay deliveries due to problems with the airframe, especially in its rear section.
By the end of last December, Boeing had delivered more than 1,370 copies of the 737 MAX aircraft and received orders for 4,000 copies.
