By Ankit Ajmera
By Ankit Ajmera
Oct 21 (Reuters) – Boeing Co BA.N might need to e book billions of {dollars} in further expenses associated to its grounded 737 MAX jets, brokerages mentioned on Monday, following stories that decision into query the timing of the plane’s return to service.
Credit score Suisse and UBS downgraded the inventory after stories on Friday confirmed inner messages between two Boeing workers stating that the aircraft’s anti-stall system behaved erratically throughout testing earlier than the plane entered service.
The brand new revelations pose recent challenges for Boeing, which is reeling below stress after two deadly crashes compelled the corporate to floor the planes and e book billions of {dollars} in losses.
Boeing’s shares fell as a lot as 5.7% to $324.40 in early buying and selling on Monday, making the inventory the most important share loser on the Dow Jones Industrial Common .DJI. They’ve misplaced 18% of their worth for the reason that second lethal crash of the favored single-aisle jet in March.
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