Boeing’s losses are not Airbus’ gains. Chock-full order books and production mean Airbus will struggle to take up the slack. edwardcropley
The crash of an Ethiopian Airlines Boeing 737 MAX 8 that killed 157 people had “clear similarities” with October’s Lion Air disaster, the Ethiopia government said on March 17.
Concerns over the safety of the passenger jet have led aviation authorities around the world to ground the model, hitting Boeing’s reputation and share price. Airbus shares are up 5.6 percent since the Ethiopian tragedy, adding 4.8 billion euros to its market capitalisation. The stock hit a record high of 119.24 euros on March 15.
Over the same period, Boeing shares have lost 10.3 percent, wiping nearly $25 billion from its value.
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Canada joins Europe in banning Boeing Max 8, Max 9 aircraft from its airspace
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NOW: Trump announces US will order Boeing 737 Max 8s and 9s groundedAn investigation is underway after a Boeing 737 Max 8 aircraft crashed Sunday in Ethiopia, killing all 157 people on board. Follow here for the latest.
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Boeing 737 Max jets grounded under emergency orderPresident Trump announced an emergency order from the FAA grounding Boeing 737 Max jets in the wake of an Ethiopian Airlines crash Sunday and a Lion Air accident in October that together killed 346 people.
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