2 crashes, brand-new aircraft, same exact model in less than 5 months and perfect model in both cases. Market experts say that this is a full-blown crisis for Boeing.
On Monday, Boeing (BA) stock was down and this was expected as its bestselling jet experienced another deadly crash with all 157 people on board the Ethiopian Airlines flight dead.
And it’s not just that there were 2 brand new planes, it was the phase of flight when it took place in the first 10 to 12 minutes.
Investigations reveal that there were similarities in the fluctuations and altitude. In both cases, the pilots asked to turn back and declared that they were having problems.
Before suffering a 13.5% loss during Monday’s trading session due to the recent controversy over their 737 MAX fleet, the stock value of the world’s largest aerospace company has been up by almost 44% since December 24. It however has recovered from this very sharp plunge.
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Look:
We can’t just say that its 1 on 1 and therefore it makes 2 since you’ve got to have more to it than that but now that the Chinese have decided to ground the Max fleet including the Ethiopians and Indonesians, for the traveling public, this is an almost impossible situation.
US and European carriers including American Airlines and Southwest Airlines are saying that they have confidence in the fleet while the Chinese regulators saying that they’re grounding them until they get further more details.
After the Lion Air crash which was just 8 months ago and again in very similar circumstances, Boeing sent out an emergency bulletin basically saying that pilots need to retrain to use their new equipment.
Some say that this can be a likely cause to this but every pilot who puts control of a 737 Max 8 would have been very familiar with what happened to Lion Air and would have thought what they would do in that situation/
What’s interesting about this scenario hauntingly parallel to the Lion Air crash is that things happen so quickly and such in a dynamic fashion so close to the grounds.
Even a pilot who had taken the time to read that directive and any good pilot would of course, when the chips are down, when in you’re in that moment fighting this automated system designed to improve safety, but perhaps actually making things worse, when you’re in that moment if you do the right thing in short order, is a difficult thing.
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