• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Aviation

Boeing shares slump after FAA grounds Max 9 jets

2 years ago
in Aviation, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
250
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

 

Boeing shares slump after FAA grounds Max 9 jets

Boeing shares listed in Frankfurt and in US premarket trading fell almost 8% early on Monday after the U.S. Federal Aviation Administration ordered the temporary grounding of some Boeing 737 MAX 9 jets.

A piece of fuselage tore off an Alaska Airlines jet on Friday following takeoff from Portland, Oregon, forcing pilots to turn back.

Boeing competes with Airbus, which has expanded its market share since two Boeing MAX crashes in 2018 and 2019 that killed nearly 350 people and led to the MAX’s worldwide grounding for 20 months.

Airbus shares were up more than 1% early on Monday. The company this week will announce that it delivered 735 planes last year, beating Boeing to remain the world’s largest planemaker for the fifth year in a row, industry sources said.

SEATTLE, WASHINGTON - JANUARY 6: An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on January 6, 2024 in Seattle, Washington. Alaska Airlines grounded its 737 MAX 9 planes after part of a fuselage blew off during a flight from Portland Oregon to Ontario, California. (Photo by Stephen Brashear/Getty Images)
Alaska Airlines grounded its 737 MAX 9 planes after part of a fuselage blew off during a flight from Portland Oregon to Ontario, California. (Stephen Brashear/Getty Images) (Stephen Brashear via Getty Images)

Reuters last week reported that the number would reach the mid-730s, beating the company’s target of 720.

Airbus is also on course to beat industry records for gross and net orders, industry sources said last month. Airbus has declined any comment on its annual performance ahead of a commercial update it will present on Jan 11.

Aerospace hit

Boeing’s Frankfurt shares pared early losses to stand almost 8% lower.

Shares in its suppliers and customers could also take a hit as many airlines grounded their MAX jets following Friday’s incident.

Spirit Aero shares were down 15.9% in U.S. pre-market trading. Alaska Air shares fell 5% while United Airlines shares dropped 2.8%.

Jefferies said in a note that the latest Boeing incident could slow aircraft production if manufacturing and installation processes are subject to further regulatory probes.

“It highlights a history of quality escape problems, particularly at Spirit (Aero). Quality escapes are not acceptable in an industry in which single failures can have serious consequences,” Bernstein analysts said in a note.

Boeing CEO Dave Calhoun on Sunday said the firm’s response to the incident was its main focus right now as regulators carry out an investigation.

The planemaker also plans to hold a company-wide webcast on safety on Tuesday to address its response. It cancelled a leadership summit for company vice presidents scheduled for Monday and Tuesday.

Tags: BoeingBoeing shares slump after FAA grounds Max 9 jetsFederal Aviation Administration
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.