Boeing’s fragile return story may have just suffered from a devastating blow.
On Thursday, the Air India Flight 171, Boeing 787-8 Dreamliner, was crashed, minutes after taking off from Ahmed Abad, killing 241 out of 242 people on board. The accident is the first deadly accident ever including 787, which is the most widely Boeing plane, and it comes just as the company was rebuilding confidence after years of organizational setbacks.
The timing cannot be worse for CEO Kelly Ordrag, who planned to lead the Boeing delegation at the Paris Air Show next week. Instead, Perse made the trip and pledged Boeing’s full collaboration with the Indian authorities. “Safety is an institution for our manufacture,” Urdag said.
Boeing’s share price decreases with the investor warning to break up the collision
NYSE shares: BA decreased nearly 5 % after the collapse, closed near $ 203.75 after touching its highest levels above 216 dollars earlier this week. The decrease reflects the increasing concerns about Dreamliner’s safety profile, organizational repercussions and a possible reputation.
Technically, Boeing shares erupted to less than $ 210, confirming the weakness of momentum. The next main support lies at $ 191.48, a decisive level of the April Endowment Temple. The decline in the deepest arrow can be offered to $ 162.44, especially if the broader consequences during the Paris event.
- MACD: The formation of a landing cross, hinting to slow up the bullish momentum
- RSI: Now in 60.26, it retracts from excessive peak lands
Boeing faces a general confidence crisis again
With more than 300 new requests from a recently secured plane and 737 production, Boeing was working hard to get rid of his legacy of errors. But now, with 787 Dreamliner under intense audit, Ortberg driving will be tested not only on engineering, but on transparency and brand flexibility.
The accident may not be caused by a structural defect, but the damage of the perception is already underway.
conclusion
Restore the Black Square in Ahmedabad has already led to the most examined investigation into the history of Boeing’s modern. Although the exact cause of crash is still unknown, the damage to the general confidence is clear, and the next chapter of Boeing will be written under the most severe lights that I have faced more than a decade.
