Boeing Stock Faces Fresh Crisis
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Even before today's incident, Boeing investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic and still faces government production restrictions on the 737 MAX that limits its cash flow and its ability to pay down that balance.
The recent Ahmedabad plane crash involved an Air India Boeing flight, resulting in over 200 fatalities. As investigations continue, the incident underscores Boeing's troubled history with safety.
STORY: India's government is urgently inspecting all Boeing 787s, after a devastating Air India crash that claimed at least 270 lives this week. That's according to aviation minister Ram Mohan Naidu,
Boeing has laid off up to 180 engineers from its India operations as part of a sweeping global restructuring initiative.
Boeing Co. (NYSE: BA) faced a sharp 5% drop in its stock price yesterday following the tragic crash of an Air India Boeing 787-8 Dreamliner in Ahmedabad, India.
With public perception of Boeing still on shaky ground, it will fall to executives to move the company past a series of regulatory crises.