Boeing 737 Max Door Plug That Flew Off Alaska Air Flight Missing 4 Key Bolts: Preliminary NTSB Report
Portfolio Pulse from Adam Eckert
A preliminary NTSB report indicates that four key bolts were missing from a door plug on a Boeing 737 Max 9, leading to its detachment during an Alaska Air flight. The FAA grounded 171 Boeing Max 9s, later allowing them to return to service. The NTSB's findings suggest Boeing's responsibility, with CEO Dave Calhoun acknowledging the company's mistakes. The FAA is auditing Boeing's production, including fuselage production at Spirit Aerosystems, and has halted Boeing's 737 MAX production expansion.
February 06, 2024 | 9:02 pm
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NEGATIVE IMPACT
Alaska Air flight was affected by the detachment of a door plug on a Boeing 737 Max 9 due to missing bolts, leading to temporary grounding.
Although the primary focus is on Boeing, Alaska Air's involvement in the incident as the operating airline could lead to short-term negative sentiment among investors, affecting its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
Boeing's 737 Max 9 faced grounding due to missing bolts on a door plug, with CEO Dave Calhoun acknowledging the company's responsibility for the incident.
The grounding of Boeing's 737 Max 9 planes and the CEO's admission of responsibility for the missing bolts incident could negatively impact investor confidence and Boeing's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Spirit Aerosystems is under scrutiny as the FAA audits fuselage production for Boeing's 737 MAX, following the incident.
The FAA's audit of Spirit Aerosystems, a key supplier for Boeing, due to the 737 MAX incident could raise concerns about production quality, potentially impacting Spirit Aerosystems' stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 80