Boeing shares slip on report Ethiopian pilots initially followed procedures

Daniel McCoy - finance.yahoo.com Posted 5 years ago
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Boeing shares slip on report Ethiopian pilots initially followed procedures
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Shares of the Boeing Co. were sliding Wednesday morning following a report that the pilots in Ethiopian Airlines Flight 302 initially followed recommended emergency procedures but were still unable to save the doomed 737 MAX 8.  Boeing’s (NYSE: BA) stock price dipped as low as $384.09 Wednesday morning after opening at $389.68. The price was $386.34, down 1.1 percent on the day, as of late Wednesday morning.  The Wall Street Journal reported late Tuesday night, citing unnamed sources said to be familiar with the investigation of last month's fatal crash, that the pilots at least temporarily disengaged the scrutinized anti-stall system on the aircraft but were still not able to recover from its nosedive.  That automated system, known as the Maneuvering Characteristics Augmentation System, has increasingly come into focus as potentially playing a role in both the Ethiopian Airlines crash and the deadly crash of a Lion Air 737 MAX 8 in October.  A definitive cause of either crash has not been released.

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