Analytics

Boeing will not fly in December

Boeing is waiting for permission for 737 MAX 8

The head of the US Federal Aviation Agency, Steve Dixon, confirmed in an interview with CNBC that Boeing 737 MAX 8 aircraft will not receive permission to operate this year. The recall is due to software flaws and two disasters involving this model occurred.

Against this background, large investment companies and banks are revising the expected value of the company’s shares. For example, Credit Suisse is most pessimistic and expects $323 per share (now $ 347), but UBS considers the level of $375 fair.

Despite conflicting estimates, companies cannot operate hundreds of 737 MAX 8 vessels, which creates a negative image and incurs unforeseen costs.

Assets Summary
Boeing Sell carefully

 

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