The Los Angeles Post
U.S. World Business Lifestyle
Today: April 04, 2025
Today: April 04, 2025

Boeing shares slide in Frankfurt after FAA grounds some MAX 9s

FILE PHOTO: FILE PHOTO: A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos
April 26, 2024
Reuters - Reuters

LONDON (Reuters) - Boeing shares listed in Frankfurt fell as much as 8% on Monday after the U.S. Federal Aviation Administration ordered the temporary grounding of some Boeing 737 MAX 9 jets fitted with a panel that blew off a jet in midair on Friday.

The plug door tore off the left side of an Alaska Airlines jet on Friday following takeoff from Portland, Oregon, en route to Ontario, California, depressurising the plane and forcing pilots to turn back and land safely with all 171 passengers and six crew on board.

Shares in rival manufacturer Airbus were up 2% on the Tradegate platform <AIR.PA>.

Airbus will announce this week 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. Airbus has declined any comment on its annual performance ahead of a commercial update on Jan. 11.

Boeing competes with Airbus, which has extended gains in 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.

(Reporting by Samuel Indyk, Joanna Plucinska and Tim Hepher; Editing by Amanda Cooper and Louise Heavens)

Related Articles

Boeing executive sees supply-demand balance by end of decade Boeing, DOJ tell US judge they have not reached agreement on revised plea deal NASA's 2 stuck astronauts face more time in space with return delayed until at least late March Boeing to lay off 396 employees in Washington
Share This

Popular

Business|Political|US|World

Putin envoy on why Americans should believe there will be an outcome in war

Putin envoy on why Americans should believe there will be an outcome in war
Business|Economy|Political|US|World

'This is a really big deal': Marc Stewart explains retaliatory tariffs from China

'This is a really big deal': Marc Stewart explains retaliatory tariffs from China
Business|Economy|Finance|Political|Stock Markets|US

Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
Business|Political|Technology|US

Trump TikTok sale deadline looms as US looks for deal

Trump TikTok sale deadline looms as US looks for deal

Economy

Asia|Economy|Europe|Political|World

Armenia adopts law to launch EU accession process

Armenia adopts law to launch EU accession process
Business|Economy|Finance|Political|Stock Markets|US

Wall Street 'fear gauge' jumps to 8-month high as stocks sell off

Wall Street 'fear gauge' jumps to 8-month high as stocks sell off
Business|Economy|Finance|Stock Markets|US

Retail investors buy stocks at largest level in 10 years, JPMorgan says

Retail investors buy stocks at largest level in 10 years, JPMorgan says
Asia|Business|Economy|US|World

Sri Lanka says it is committed to substantially reduce tariff and non-tariff barriers with US

Sri Lanka says it is committed to substantially reduce tariff and non-tariff barriers with US

Access this article for free.

Already have an account? Sign In