Over the weekend, Ethiopean transportation officials confirmed "simularities" between the 2 fatal 737 Max flights that crashed in the last 6 months killing nearly 400 human lives.
In addition legal lawsuits have already been filed against the aircraft maker, last week,revolving around the certification safety process filed to the FAA by Boeing.
737 Max production continues full speed ahed..but for how long. This is their top selling plane, with 52,000 employees.
Who is going to want to step one foot back, and fly on this aircraft ever again ?
Over 4500 of these aircraft are on back order throughout the world. Do you actually think that al of these orders will actually ever be filled and planes delivered ?
My own opinion is that the 737 Max is Toast. Whether burnt completely or not is the only question
Daily Line Break Chart shown here, reveals Massive Top Breakdown. Intermediate/LongTerm Target for Boeing = 294-300
if the price holds here... it is becoming more enticing to short... obviously the big money are unloading in the arms of stupid money.
CodedFlow
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for now they promised to upgrade the software. until a hardware design flaw is found the plane can fly and they can call it a software bug. from all i read is just that no doubt... how deep that bug runs i have no idea though... and the next days will reveal. DO NOT GO LONG ON THIS STOCK FOR NOW. shorting is equally dangerous imho.
JakubKonieczny
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Yes, but what's the alternative? Airbus has a similar backlog, and once you fall out of queue... I agree this disruption is going to cost them a lot, but they have options.