Boeing Shares Fall 4% After 737 MAX Statements
As of 01:55 Moscow time, the stock was trading at $ 311.1 apiece (minus 4.03%). The main suppliers of Boeing, General Electric and Spirit AeroSystems, are also losing. Their shares also declined, falling 1.1 and 3.2%, respectively. Stocks of airlines with 737 MAX standing idle are also becoming cheaper - American Airlines Group Inc. (minus 4%), United Airlines Holdings Inc. (minus 4.2%) and Southwest Airlines Co. (minus 2.4%).
Tuesday Boeing Co. She stated that she did not expect to get the approval of regulatory authorities for the return of 737 MAX to operation until mid-2020. “The safe return of MAX to service is our priority, and we are confident that this will happen”, Boeing said in a statement. “We acknowledge and regret the continuing difficulties that have been created for our customers, regulators, suppliers and the general public in connection with the 737 MAX”, the company added.