Boeing Share price nose dives
Opinion, Strategy

Shares in Boeing have nose dived since the announcement of the second plane manufactured by the company crashed (with in 5 months) killing multinationals (mostly Kenyans) in the ill fated last flight of Ethiopian Airlines 737 Max 8 aircraft.

IDC recently announced the CEO of Zambia Airways who are in partnership with Ethiopian Airlines in 55 to 45 percentage shareholding deal that will see the rebirth of the national flag carrier after almost 2 decades being in “abys”. The new management team will certainly have safety on their agenda when operations of the airline commence later this year.

The number of countries grounding the max 8 has been increasing with China and Singapore being the first to stop the highest selling plane from Boeing.

Source: Bloomberg Terminal

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