A Boeing 787 Dreamliner crashed in India last week, and as investigators work to determine the cause, investors are cautiously optimistic about the outcome. Here’s what is known so far.
Boeing’s stock edged higher on Friday as investors began to analyze the incident. The plane crash occurred on June 18th, but details were slow to emerge. However, Boeing officials have stated that they are cooperating fully with Indian authorities and are committed to finding out what went wrong.
While the full investigation is ongoing, some experts believe that Boeing’s stock may benefit from a swift resolution to the crisis. As a result, BA+0.54% shares rose on Friday as investors started to weigh the potential risks and benefits of the situation.
The incident has raised concerns about the reliability of Boeing’s 787 jet, which has been plagued by technical issues in the past. However, it is too early to say whether the crash will have a lasting impact on the company’s reputation or sales.
Source: https://www.barrons.com/articles/boeing-stock-india-787-crash-6da34669