Thursday, March 23, 2023
My-StockMarket
No Result
View All Result
  • Markets
  • Reviews
  • Cryptocurrency
  • Contacts
SUBSCRIBE
  • Markets
  • Reviews
  • Cryptocurrency
  • Contacts
No Result
View All Result
My-StockMarket
No Result
View All Result

Boeing Stock Price Falls on Engine Failure in 777 Model Jet.

by Armando Henderson
February 25, 2021
in Markets
0

Boeing Stock Price Falls on Engine Failure in 777-Model Jet.

Skittish investors just won’t give Boeing the gain of the doubt.

Boeing (ticker: BA) stock was down about 3 % in premarket trading after an engine failure on a United Airlines 777 jet. Investors continue to be scarred by the near-two year saga which grounded the 737-MAX jet, therefore they sell Boeing shares on any hints of safety trouble.

The response in Boeing stock, if understandable, still feels a little odd. Boeing does not make or even maintain the engines. The 777 that experienced the failure had Pratt & Whitney 4000 112 engines. Pratt is a division of Raytheon Technologies (RTX).

The flight in question, United 328, was leaving Denver for Hawaii when the right engine suffered an uncontained failure. Engine parts left their housing, the nacelle, as well as hit the ground. Fortunately, the plane made it again to the airport without having injuries.

Boeing Stock Price Falls on Engine Failure in 777 Model Jet.

Boeing is actively monitoring recent events related to United Airlines Flight 328. Even though the NTSB investigation is ongoing, we recommended suspending operations of the 69 in service and fifty nine in-storage 777s powered by Whitney and Pratt 4000 112 engines until the FAA identifies the proper inspection protocol, reads a statement from Boeing out Sunday.

Pratt & Whitney have also put out a brief statement which reads, in part: Whitney and Pratt is definitely coordinating with operators and regulators to allow for the revised inspection interval of the Pratt & Whitney PW4000 engines that power Boeing 777 aircraft.

Raytheon did not immediately respond to an additional request for comment about engine maintenance practices or possible triggers of the failure. United Airlines told Barron’s in an emailed statement it’d grounded 24 of its 777 jets with the related Pratt engine out of an abundance of caution adding the airline is working closely with aviation authorities.

After the accident, the Japan Civil Aviation Bureau and the Federal Aviation Administration suspended operations of 777 jets powered by Pratt & Whitney 4000 112 engines. Boeing supports the move, which feels like the correct decision.

Initial FAA findings point to two fractured fan blades, wrote Vertical Research Partners aerospace analyst Rob Stallard in a Monday research note, pointing out that former NTSB Chairman Jim Hall said this’s another instance of cracks in the culture of ours in aviation safety (that) need to be addressed.

Raytheon stock was down about 2 % in premarket trading. United Airlines shares, nevertheless, are up about 1.5 % according to FintechZoom.

Boeing Stock Price Falls on Motor Problem in 777-Model Jet.
Boeing Stock Price Falls on Motor Failure in 777 Model Jet.

S&P 500 and Dow Jones Industrial Average futures have been down aproximatelly 0.5 % and 0.7 %, respectively, on Monday morning.

Boeing shares are actually up about two % year to date, but shares are down nearly fifty % since early March 2019, when a second 737 MAX crash in a situation of months led to the worldwide ground of Boeing’s newest-model, single aisle aircraft.

Boeing Stock Price Falls on Engine Failure in 777-Model Jet.

Related Posts

louis vuitton 5th Ave, Midtown, NYC | MY STOCKMARKET
Markets

Making Smart Investments: The Pros and Cons of Investing in Luxury Goods Stocks

March 1, 2023
The Benefits of UPS Store: What You Need to Know
Markets

The Benefits of UPS Store: What You Need to Know

January 20, 2023
Fed Chair Powell | My-StockMarket
Markets

Fed Chair Powell claims smaller sized rates of interest walkings might start in December

December 4, 2022
Dow rises to start the week as investors wait for midterm elections and rising cost of living report
Markets

Dow rises to start the week as investors wait for midterm elections and rising cost of living report

November 7, 2022
Market Chart - My-StockMarket
Markets

Oil stocks see more than 100% rise so far in 2022

October 18, 2022
Is Apple Stock a Buy?
Markets

Is Apple Stock a Buy?

October 12, 2022
Next Post
Morgan Stanley has hired a huge Merrill Lynch Private Wealth Management team based in Florida and New Jersey

Morgan Stanley has hired a huge Merrill Lynch Private Wealth Management team based in Florida and New Jersey

  • About
  • Advertise
  • Privacy & Policy
  • Contact

DISCLAIMER
This demo site is only for demonstration purposes to JNews WordPress theme.
© 2018 JNews. All right go to their respective owners

No Result
View All Result
  • Reviews
  • How To
  • Apps
  • Devices
  • Games

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.