Boeing shares drop on doubts about 737 Max approval process
The US transport department is examining the aircraft’s design certification before the second of two deadly crashes of the almost brand-new plane
Seattle/Washington, US — Boeing fell on heightened scrutiny by regulators and prosecutors over whether the approval process for the company’s 737 Max jetliner was flawed. A person familiar with the matter on Sunday said that the US transportation department’s inspector-general was examining the plane’s design certification before the second of two deadly crashes of the almost brand-new aircraft. Separately, the Wall Street Journal reported that a grand jury in Washington, DC, issued a subpoena to at least one person involved in the development process of the Max, on March 11. And a Seattle Times investigation found that US regulators delegated much of the plane’s safety assessment to Boeing and that the company in turn delivered an analysis with crucial flaws. Boeing dropped 2.6% to $369.03 at 9.45am on Monday in New York, heading toward a new low since the deadly crash of Ethiopian Airlines Flight 302 on March 10. Ethiopia’s transport minister said on Sunday that flight-data record...
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