The FAA on Wednesday grounded all Boeing 737 Max aircraft in the US, citing links between two fatal accidents. The reversal came after dozens of countries shut the airplanes to keep their stocks close to 11% this week after rising to their biggest weekly decline in 2008.
Bank of America kept its buy-in rating and the price of $ 480 for Boeing believes the investigation will have a "final schedule" as the recovery of the black boxes is already in progress. This will significantly reduce the uncertainty surrounding the Boeing and the 737 Max, the bank said. The two black boxes of the Boeing 737 Max 8, crashed on Sunday in Ethiopia, were taken to an investigation in Paris. "We can expect Boeing to continue to produce 737 at the current rate of 52." Boeing "may need to make an inventory in its balance sheet of about 5.5 billion dollars a quarter. after 1
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