On Wednesday, the FAA founded all the Boeing 737 Max jets in the United States, citing the connections between two fatal accidents. The turning point came after dozens of countries around the world rooted aircraft, sinking stocks almost 11% this week, with the rate of recording the largest weekly decline since 2008.
Bank of America has maintained its buy rating and $ 480 target price on According to Boeing, the bank believes that the investigation would have a "definitive timing" since the recovery of the black boxes is already underway. This would significantly reduce the uncertainty surrounding Boeing and the 737 Max model, the bank said. The two black boxes of the Boeing 737 MAX 8 that crashed on March 1
"We expect Boeing to continue producing the 737 at the current rate of 52 per month to minimize interruptions in the supply chain. Boeing may have to bring the inventory back into its balance sheet of around $ 5.5 billions per quarter We expect working capital to improve as soon as the aircraft restarts delivery, "Epstein said.
the rentals that Boeing would have had to pay for alternative airlines would cost the company $ 500 million or $ 0.88 per share in the first quarter.
CLOCK: Airlines should recover quickly from 737 Max grounding