Global  

Shares of Boeing Remain Grounded

Video Credit: The Street - Duration: 01:43s - Published
Shares of Boeing Remain Grounded

Shares of Boeing Remain Grounded

Boeing is Real Money's Stock of the Day.

Shares of the industrial giant are trading lower this morning after the Federal Aviation Administration said it found yet another issue with the plane maker's 737 MAX software that could delay its return to service even further.

RELATED: Captain Sully Calls For New Simulator Training for Boeing 737 MAX Pilots In a statement published late Wednesday Boeing said, "The safety of our airplanes is Boeing's highest priority.

During the FAA's review of the 737 MAX software update and recent simulator sessions, the FAA identified an additional requirement that it has asked the company to address through the software changes that the company has been developing for the past eight months." They continued on, "Boeing agrees with the FAA's decision and request, and is working on the required software." RELATED: Dow Futures Dip on Report China to Push for Big Trade Concessions; Boeing Weighs RELATED: U.S., China Agree to Tentative Trade Deal Ahead of G-20: Report Also on Wednesday U.S. carrier United Airlines , said that it will pull all MAX aircraft from its summer schedule, resulting in around 3,200 cancellations over July and August, and doesn't expect Boeing's flagship plane to return until at least September 3, echoing a similar assessment from Southwest Airlines earlier this month.

For more in-depth coverage of Boeing stay with Real Money all day.


You Might Like

Related news from verified sources

Dow Continues To Post Modest Loss In Mid-Day Trading

Stocks remain mostly positive in mid-day trading on Thursday, although the Dow continues to buck the...
RTTNews - Published

U.S. Stocks Move Mostly Higher But Dow Posts Modest Loss

Stocks moved mostly higher over the course of the trading session on Thursday, although the Dow ended...
RTTNews - Published

Fin24.com | Boeing shares hit as FAA finds new 737 MAX issue

Shares of Boeing tumbled Thursday, a day after US regulators identified a new issue in the Boeing 737...
News24 - Published


Tweets about this


Related videos from verified sources

Forgot About Slack's Direct Listing Already? [Video]

Forgot About Slack's Direct Listing Already?

Slack's direct public listing in late June was all the rage on the day of the offering, so how are things actually shaping up for the messaging platform? Slack is up 40% to $36.43 a share from its..

Credit: The Street     Duration: 02:16Published
Dow Movers: BA, WBA [Video]

Dow Movers: BA, WBA

In early trading on Thursday, shares of Walgreens Boots Alliance (WBA) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.5%. Year to date, Walgreens..

Credit: Market News Video     Duration: 01:03Published
Dow Movers: DIS, CVX [Video]

Dow Movers: DIS, CVX

In early trading on Friday, shares of Chevron topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.0%. Year to date, Chevron registers a 15.4% gain.

Credit: Market News Video     Duration: 01:02Published