Home Blockchain News Boeing in Turbulence with $600 Billion in Orders Under Threat. Has Stock Bottomed?

Boeing in Turbulence with $600 Billion in Orders Under Threat. Has Stock Bottomed?

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In the wake of the second Boeing 737 Max 8 plane crash in Ethiopia on Sunday, the Chicago, Illinois-based aircraft maker’s stock has not only plummeted by over 10% but some of its customers are now reconsidering their orders for the narrow-body jet. So far over 5,000 orders worth more than $600 billion have been placed for the MAX narrow-body jets. According to Bloomberg, airlines that are reviewing their orders for the Boeing 737 MAX are mostly in Asia. Indonesia’s largest airline by market share Lion Air has, however, gone a step further and suspended existing orders. Lion Air’s own

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