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Follow on Google News | ![]() Well known airline Firm, The Boeing Company (BA) failed to maintain its altitude todayBA joined the rally, trading up more than 6% at one point, only to lose most of those gains as the day progressed. Investors were reminded of BA's commercial division's troubles, which took the wind out of the shares.
The 737 MAX is back in the air and airlines are witnessing a modest increase in demand but BA is still struggling to recover and scale up production. According to Reuters, the business was given another setback by regulators looking into the 787. BA was allegedly notified by the US Federal Aviation Administration (FAA) that the documentation it presented to earn certification to resume 787 deliveries was lacking. After the FAA voiced concerns about airplane inspection processes, deliveries of the 787 were halted for approximately one year. The FAA's rebuke should only be a temporary setback but it's yet another humiliation for a firm that has had to cope with a slew of them in recent years. Nothing is simple at BA and predicting a speedy turnaround could be rather difficult. Boeing has less cash coming in due to the lack of 787 deliveries, as well as a 737 program that is still well short of the delivery levels expected prior to the grounding. BA's debt has increased by more than 400% in the last five years as the corporation ensured it would be able to weather the pandemic. BA will struggle to significantly decrease its debt until Dreamliner deliveries start and the 737 MAX program reaches its stride. For more latest news in US Stock Market you may also visit us at Sonoma International Limited through our website https://sonomainternationalltd.com/ End
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