Breaking: Boeing Reportedly Sees 737 Return in June-July; Shares Tumble
Investing.com
Published Jan 21, 2020 02:09PM ET
By Kim Khan
Investing.com - Boeing (NYSE:BA) shares sank quickly in afternoon trading Tuesday on a report that it does not expect its grounded 737 Max jet to be flying again until June at the earliest.
- Boeing now sees regulatory approval for the 737 Max coming in June or July, months later than it originally thought, CNBC reported.
- Shares oBoeing fell 4.6% in afternoon trading. That loss accounted for nearly 101 points of the 177 the Dow was down.
- BA was already under pressure in early trading on reports it was in talks to secure a $10 billion loan to deal with costs of the grounding, which occurred after two fatal crashes.
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