Boeing Stock Crashes As Plane Production Halts

Boeing has declared a 737 MAX quality standdown in response to the safety problem on Alaska Airlines Flight 1282. Following the FAA’s example, the corporation is implementing measures to boost delivery performance and quality. Over the following several weeks, every Boeing commercial manufacturing facility and fabrication site will hold its standdown, with the first in Renton, Washington.

In the aftermath of the tragic crash of Alaska Airlines Flight 1282, the airline is taking measures to guarantee the safety of its planes. The event prompted Boeing to investigate the problem and temporarily grounded the airline’s 65 737-9 MAX fleet. As a result, the FAA grounded all Boeing 737 Max 9 planes flying within the United States or operated by American airlines. Several hundred inspectors were sent to Boeing’s assembly lines as part of the agency’s audit of the company’s aircraft manufacturing.

Two of the many ways Boeing has been trying to improve quality assurance are more quality checks and inspections by airlines to ensure proper supervision. The organization has appointed an impartial advisor for the thorough quality assessment.

Following a problematic mid-air breach on its MAX 9 model earlier this month, Boeing has taken another hit as the US aviation authority has stated that it would not let the planemaker increase manufacturing of its 737 MAX planes. This action will stop Boeing’s expanding production of a famous line of planes, but the FAA claims it is necessary to “ensure accountability and full compliance” with quality control standards.

Nevertheless, after passing safety tests, the FAA allowed the MAX 9 planes to return to the sky. Following weeks of data collection, FAA Administrator Mike Whitaker said that he and the FAA are confident in moving forward with inspections and maintenance after completing an extensive, improved assessment.

Boeing stock has been taking a beating since the airline’s mechanical failures.