Boeing, Air India and 787 Dreamliner
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Air India directed to carry out Boeing 787 safety checks as families reunited with victims Missouri Governor Mike Kehoe on Thursday declared a State of Emergency and activated the Missouri National Guard in anticipation of protests across the state. They thought he was doing a different kind of "cruising."
Indian authorities have ordered what they called “extended surveillance” of all Boeing 787 aircraft in the country’s fleet while they investigate the cause of Thursday’s crash of an Air India plane.
Despite its current price of approximately $205, which may seem like a reasonable valuation, we do not consider Boeing stock to be a compelling investment at this moment.
Boeing (NYSE:BA) has restarted its aircraft deliveries to China, handing a new 787-9 Dreamliner to Chinese carrier Juneyao Airlines on Saturday, Reuters reported, citing Shanghai-based business news outlet Yicai.
A London-bound Air India plane carrying more than 240 people crashed shortly after takeoff Thursday. Authorities said there were no known survivors.
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The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
Boeing remains a dominant aerospace player with long-term upside, despite recent crises and compressed financials. Read why we remain bullish on the stock and the turnaround potential.
The investigation into Air India flight 171 crash opens up questions into the many concerns surrounding Boeing's 787.