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Breaking: Boeing Reportedly Sees 737 Return in June-July; Shares Tumble

Published 2020-01-21, 02:09 p/m
Updated 2020-01-21, 02:14 p/m
© Reuters.

© Reuters.

By Kim Khan

Investing.com - Boeing (NYSE:BA) shares sank quickly in afternoon trading Tuesday on a report that it does not expect its grounded 737 Max jet to be flying again until June at the earliest.

  • Boeing now sees regulatory approval for the 737 Max coming in June or July, months later than it originally thought, CNBC reported.

  • Shares oBoeing fell 4.6% in afternoon trading. That loss accounted for nearly 101 points of the 177 the Dow was down.

  • BA was already under pressure in early trading on reports it was in talks to secure a $10 billion loan to deal with costs of the grounding, which occurred after two fatal crashes.

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