Boeing is F**ked – Crash Exposes Deeper Problems for Top Dow Stock
The latest Boeing 737 crash exposes deeper issues for the Dow’s largest stock. | Source: Agustin PAULLIER / Jacksonville, Florida Sheriff’s Office / AFP
By CCN: Boeing can’t seem to keep itself out of the news – for all the wrong reasons. Last night a military aircraft with 143 people on board skidded off a runway at Naval Air Station Jacksonville and crashed into St. John’s River. Could this add further pressure to the Dow’s largest individual stock?
Boeing 737 Ends Up in the Water
The Miami Air charter flight from Guantanamo Bay was carrying 136 military personnel and seven crew members when the botched landing resulted in an evacuation from a river. Everyone onboard escaped, with only minor injuries reported.
FAA says this was a DOD charter flight from Guantanamo Bay to Naval Air Station Jacksonville. It went off the runway into shallow water. Initial reports of two minor injuries. Everyone is off the plane. It’s a Miami Air International Charter https://t.co/1knBvxWTIh
— Kris Van Cleave (@krisvancleave) May 4, 2019
The cause of the incident is unknown. Naval Air Service Jacksonville captain Michael Connor described the situation as a “miracle,” given nobody was seriously injured and nobody killed.
“I think it is a miracle. We could be talking about a different story this evening.”
But while it’s not clear what caused the crash, it promises to deliver Boeing another public relations nightmare.
From Hot Water to St. John’s River, Boeing Remains In Trouble
The 18-year-old aircraft was a Boeing 737 model. The incident follows a series of safety incidents involving Boeing MAX 737 aircraft.