Boeing shares hit as FAA finds new 737 MAX issue ~ AJJ News

Thursday, 27 June 2019

Boeing shares hit as FAA finds new 737 MAX issue

June 27, 2019

Shares of Boeing tumbled Thursday, a day after US regulators identified a new issue in the Boeing 737 MAX that will likely slow the plane's return to service following two deadly crashes. The issue -- described by one aviation expert as "another black eye" for the 737 MAX -- came as a major US airline again pushed back the timeframe for returning the planes to service and as Boeing faced fresh questions over its compliance with a 2015 US regulatory settlement intended to improve plane airworthiness. Boeing dropped 2.9 percent to $364.02, pushing the Dow into negative territory.