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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (94356)	2/22/2021 9:57:03 AM
From: Goose94	Read Replies (1) of 202715

Boeing (BA-NY) Engine explosion spurs 777 groundings in Asia and U.S. Boeing has another major problem on its hands. This time, it’s the 777 jet that’s under the microscope after a weekend engine failure on a United Airlines flight prompted the plane maker to recommend the grounding of 128 aircraft powered by the same Pratt & Whitney engine that broke apart over Denver on Saturday. From a public relations standpoint, this could hardly come at a worse time both for the company – which is recovering from the 737 Max crisis – and the industry, which is navigating the most tumultuous period in its history due to the pandemic. From an investing standpoint, investors are demonstrating their frustration, with Boeing shares down more than 3 per cent in pre-market trading.

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