Boeing, Air India
Digest more
3d
TipRanks on MSNBoeing Faces Turbulence: Stock Drops Amid Crash ConcernsBoeing’s stock has experienced a significant decline of 7.90% over the past week, largely due to a tragic crash involving an Air India flight operated by a Boeing 787 Dreamliner
Boeing now expects worldwide demand for 43,600 additional commercial airplanes over the next 20 years, slightly lower than its earlier forecast
8h
Stocktwits on MSNAir India Disaster: Insurers Could Reportedly Face Historic Crash Payout Of Up To $475MThe fatal Air India crash in Ahmedabad could set off one of the costliest insurance claims in India’s history at about $475 million, according to a Bloomberg report. The claim for the aircraft hull and engine is estimated at around $125 million,
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 crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.