Boeing, Air India and 787 Dreamliner
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Boeing now expects worldwide demand for 43,600 additional commercial airplanes over the next 20 years, slightly lower than its earlier forecast
Even before today's incident, Boeing investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic and still faces government production restrictions on the 737 MAX that limits its cash flow and its ability to pay down that balance.
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TipRanks on MSNBoeing Faces Turbulence: Stock Drops Amid Crash ConcernsBoeing’s stock has experienced a significant decline of 7.90% over the past week, largely due to a tragic crash involving an Air India flight operated by a Boeing 787 Dreamliner
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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.