Boeing and GE aerospace raised the trust of investors, shares of these two companies are constantly selling

Boeing Shares: After the Air India accident in Ahmedabad, on June 13, the shares of the Boeing company were under pressure in the early trade in the US. In pre-market trading, the company’s shares declined by 1.5 percent. At the same time, Boeing shares fell by 5 percent in the New York Stock Exchange, while the stocks fell below 8 percent on Thursday a day before.

More than 260 deaths in accident

On Thursday afternoon, after the crash of 787-8 Dreamliner aircraft of Air India going from London to Sardar Vallabhbhai Patel International Airport in Ahmedabad, investors’ confidence in the company’s shares seems to be decreasing. In this accident, more than 260 people have died due to the collision of aircraft in the residential area including passengers and crew members aboard the aircraft.

So much decline in stocks

At the same time, GE aerospace shares, which supplied the engine for Dreamliner, also fell more than 2 percent in pre-market trade. This Wide-Body Workers aircraft of Boeing crashed at the BJ Medical College Campus, a few minutes after flying from Ahmedabad on June 12. At the time of the accident, 169 Indians, 53 British, 7 Portuguese and 1 Canadian citizens were present in the aircraft. This aircraft was about 12 years old and is the first event of the aircraft being completely destroyed in the history of Boeing 787.

On Thursday, Boeing shares fell nearly 5 percent to close at $ 203.75 and on Friday, 1.5 percent in pre-market trade and fell to $ 200.54 to $ 200.54. Boeing is already under investigation and now after this accident, the focus of the people on the safety record of Boeing has again gone. Between 2019 and 2020, 737 Max aircraft of Boeing were grounded after two accidents. 737 Max resumed its service in India in November 2021.

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