Authorities announce formal investigation against Boeing

14-01-24

• Boeing continues to plummet on the stock market

The Federal Aviation Administration (FAA) has announced that it will launch a formal investigation against Boeing to determine whether the manufacturer ensured that its 737 MAX 9 aircraft were "in safe operating condition". The U.S. authority makes this decision after forcing the grounding of 171 aircraft of this model that have the same characteristics as the Alaska Airlines plane that lost a side panel in mid-flight.

"This incident should never have happened and cannot happen again," read the FAA statement picked up by The Guardian, which also stressed that "Boeing's manufacturing practices must meet high safety standards."

All these setbacks are leading Boeing to sharp falls in the stock market throughout the week. If on January 5 its shares had a value of 249 dollars at the close in New York, today they are already at 218, accumulating a fall of 12.4%. So far this Friday it has already dropped 1.9%.