Boeing is facing the problem of the 737 Max series again | News

The crash of two 737 Max machines left deep scratches on the image of the American aviation company Boeing. The result was damage and canceled orders. Now there is a risk of another crisis due to the problem plane.

More than 300 people died in the crash of two 737 Max planes. It may have been years ago, but Boeing is still feeling the effects. Airbus’s rival is flying in crisis mode. And it may go on.

As announced by Boeing, approval of the largest model in the series by responsible US authorities is still pending approval. However, the 737-Max 10 certification deadline expires at the end of the year. Without an agreement, the 737-Max 10 could be withdrawn, said CEO Dave Calhoun. The problem with this: Boeing has received more than 600 orders for the plane so far.

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Since the crash of the two 737 Maxs, an Airbus competitor has been confronted with numerous new safety measures and regulations from the US Congress. Control software errors resulted in two plane crashes in 2018 and 2019, killing a total of 346 people.

Boeing shares on course to be recovered

Boeing shares are in a medium-term downtrend, but have been able to stabilize in the past few weeks. The MACD (Momentum) is also gaining and formed a positive divergence in June (see rising trendline). However, the technical situation on the chart will only improve in the long run after breaking the resistance at $ 147.

Boeing’s success can be summarized by: purchase of shares participate. Brave investors can get leverage with Buy CFDs get involved.

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More: https://www.etoro.com/ CFDs are complex instruments and come with a high risk of losing money rapidly through leverage. 67% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

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