Following the second crash of a 737 Max jetliner in several months, concerns over the safety of this particular model continue to mount up. According to the Federal Aviation Authority in the US, there might be a safety issue which played a part in Sunday’s crash, as well as last year’s Lion Air disaster, connecting the two crashes and possibly establishing a pattern that could become a serious problem for the entire 737 Max series’ future.
In a public statement on the company’s website, Boeing announced that it supports the advice by the FAA to temporarily ground the entire 737 Max air fleet until the issue (if there is any) with the plane's structure gets fixed. The company also expressed a firm belief in its model reliability and safety. As a result, the shares of the company continue to trade under selling pressure, just above the support level:
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