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Third crash in four years is bad news for Boeing

It doesn’t look good for the aircraft manufacturer Boeing. A year in which aviation had to recover starts with a crashed Boeing 737-500, while the world is far from forgotten about the 737 MAX debacle.

Last week, Boeing closed a tedious chapter in its history by paying $ 2.5 billion ($ 2 billion) to the Justice Department as a fine for allegedly withholding information in the investigation into the two crashes involving 737 MAX aircraft. 2018 and 2019.

The money had already been provided and Boeing was able to start with a clean slate. The 737 MAX was allowed to fly again and after a year in which aviation was aground due to corona, more aircraft would be ordered again.

Crash

However, the sum had not yet been properly transferred or there was again some bad news for the aircraft maker. Saturday, a 737-500 with 62 people on board crashed in the Indonesian Java Sea shortly after take-off. Originally it sounded that contact had been lost, but during Sunday debris was found and the crash was confirmed.

Boeing responded briefly: “We are aware of media reports in Jakarta about Sriwijaya Air’s flight SJ-182. Our thoughts are with the crew, passengers and their families. We are in contact with the airport and are ready to support him in these difficult times ”, he says on his website.

Research

Little is known about the cause, but the black box is currently being investigated. According to experts, the chance that it is a construction error is small. “The aircraft has been in service for 30 years and is a very distant ancestor of the MAX aircraft,” aviation analyst Richard Aboulafia told Bloomberg news agency. “Thousands of copies have already been made and production was discontinued 20 years ago. If there was something wrong with it, we would have known about it. ”

But of course that doesn’t help the man in the street. It only sees the reports that appear in the media and this will undoubtedly lead to another investigation of several years into the cause. Airlines may be giving up their slightly regained confidence in Boeing and canceling orders.

It seems almost unlikely that sales and share price will not be affected by this incident. On Monday, Boeing went down to 3 percent before stock exchange, although that is nothing compared to the price in March after the second deadly crash. It then went down 18 percent in one day and lost 60 percent in ten days.

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