Boeing HQ
Today’s news about Boeing is focused on the Jeju Air 737-800 crash in South Korea that resulted in 179 fatalities. Also, in more positive news, SpiceJet’s new financing will enable bringing grounded aircraft back in service and to resume delivery talks with Boeing.
The fatal air crash brought the total fatalities to the deadliest level since 2018, an unfortunate setback for aviation safety. While the recent crash of an Azerbaijan Airlines flight in Kazakhstan was apparently a wartime mistake, the losses remain real and joined a Malaysian flight a decade ago also accidentally shite down in battle.
The Jeju Air crash is having repercussions. South Korea has mandated inspections of the 737-800, despite it being a proven aircraft with a strong safety record. Because of Boeing’s other issue, the crash is reflecting negatively on Boeing, as the investigation of the accident remains incomplete. Boeing’s stock price fell about 5% as a result of the crash, contributing further to a terrible year for the company on many fronts.
Finally, in good news for Boeing, India’s SpiceJet is making a recovery financially and wants to enter discussions to resume aircraft deliveries from Boeing. The carrier placed an order for 200 737 MAX aircraft with Boeing in 2017, and currently has 30 inactive MAX it will be restoring into service, augmenting the 28 aircraft currently operated. That could mean another 142 deliveries for Boeing over the next few years.
Links to today’s key news follow:
- Two plane crashes lead to deadliest year in skies since 2018 – Seattle Times
- Jeju Air crash prompts South Korea to inspect Boeing 737-800 fleet – Yahoo
- South Korea jet crash marks another setback for Boeing – Washington Times
- Dow Jones: Boeing shares drop 5% as 737-800 incidents raise operational risks – FX Empire
- SpiceJet to operationalize 30 grounded planes, resume delivery talks with Boeing – Mint
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