Faulty door plugs open old wounds at Boeing
The American planemaker’s image takes another hit
NERVOUS TRAVELLERS will break out in a cold sweat to see pictures of a gaping hole in the fuselage of an Alaska Airlines Boeing 737 MAX 9, blown out at 15,000 feet (4,600 metres) after the plane had taken off over Oregon on January 5th. Nervous investors will have the same reaction to the share prices of Boeing and Spirit AeroSystems, a firm spun off by the planemaker in 2005. Spirit manufactured the fuselage and the failing part, a plug in the airframe where some MAX 9 models can have an emergency exit. The two companies’ market value plunged by 8% and 11%, respectively, following the incident.
This article appeared in the Business section of the print edition under the headline “Can’t exit emergency”
Business January 13th 2024
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