For Boeing, the week began with the terrible news from Ethiopia that one of its 737 Max aircraft had crashed shortly after takeoff, killing all 157 people on board. As investigators look into the cause of the Ethiopian Airlines crash, Boeing’s share price has fallen by more than 10% from a week ago, when it hovered near all-time highs. Airlines are shuffling their fleets to cover for the 737 Max groundings, and some are demanding compensation from Boeing for the extra costs. News that a software fix is on the way boosted Boeing’s shares on Friday. Some investors are second-guessing the case for buying Boeing’s shares.

Source: Ethiopian News March 16, 2019 14:48 UTC