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JENNIFER BUCHANAN / POOL / AFP through Getty Pictures
The outside of a Boeing 777X flight take a look at plane on the Everett Supply Heart in Everett, Washington.
KEY TAKEAWAYS
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Boeing has discovered cracks within the construction of its 777X jetliner in preliminary take a look at flights, one other mishap for the provider this 12 months.
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The corporate is grounding its 777X take a look at fleet after an inspection confirmed the failure of a key engine mounting construction.
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Boeing shares are down greater than 30% this 12 months because the airplane maker grapples with a collection of setbacks since a door plug indifferent throughout an Alaska Airways flight in January.
Boeing (BA) has discovered cracks within the construction of its 777X jetliner in preliminary take a look at flights, one other mishap for the provider this 12 months.
The airplane maker stated it’s grounding its 777X take a look at fleet after an inspection confirmed the failure of a key engine mounting construction.
“Throughout scheduled upkeep, we recognized a element that didn’t carry out as designed,” a Boeing spokesperson stated in an announcement offered to Investopedia. “Our workforce is changing the half and capturing any learnings from the element and can resume flight testing when prepared.”
Boeing Shares Down 30% This Yr
The information of the cracks within the jet was first reported by commerce publication The Air Present.
Boeing shares, that are falling 1.5% in premarket buying and selling, are down greater than 30% this 12 months because the airplane maker grapples with a collection of setbacks since a door plug indifferent throughout an Alaska Airways (ALK) flight in January, main the Federal Aviation Administration (FAA) to floor expansion plans for its best-selling 737 MAX.
Learn the unique article on Investopedia.
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