Following an order by the U.S. Federal Aviation Administration to temporarily halt multiple Boeing (BA.N) 737 MAX 9 aircraft, Boeing shares, which were listed in Frankfurt and in pre-market trading in the United States, plummeted by about 8% early on Monday.
On Friday, after departure from Portland, Oregon, an Alaska Airlines aircraft had a piece of its fuselage ripped off, requiring the pilots to make an emergency landing.
An investigation into the reason behind the Alaska Airlines aircraft blowout has been initiated by the National Transportation Safety Board.
Airbus (AIR.PA), a rival of Boeing, has grown its market share following the two Boeing MAX disasters in 2018 and 2019 that resulted in over 350 fatalities and a 20-month global suspension of the MAX.
Early on Monday, Airbus shares were up over 1%. According to industry insiders, the business is scheduled to reveal this week that it delivered 735 aircraft in the previous year, surpassing Boeing to hold the title of largest aircraft manufacturer globally for a record five years running.
It was reported that the figure is expected to surpass the company’s aim of 720 and reach the mid-730s.
According to industry sources last month, Airbus is also on track to surpass industry records for gross and net orders. Airbus has refrained from commenting on its yearly performance before releasing a commercial report on January 11.
Ozioma Samuel-Ugwuezi
Follow us on:
An Abuja court has struck out the case against #EndBadGovernance protesters as the AGF discontinued…
The UK has confirmed two more cases of the new mpox variant, clade Ib
Ekiti mourns as Chief Judge Justice Adeyeye dies, succumbing to injuries from a court building…
Boeing workers have accepted a new contract with a 38% raise, ending a seven-week strike…
Eight individuals are on trial in Paris, accused of inciting the murder of teacher Samuel…
Indonesia is evacuating 16,000 residents after Mount Lewotobi erupted, resulting in nine deaths and significant…