Boeing Stock Plummets 10% After Ethiopia Plane Crash

Boeing Stock Plummets 10% After Ethiopia Plane Crash

The shares of the US plane manufacturer Boeing fell by 10 percent at the pre-bids on Monday after the jet made by the company crashed in Ethiopia on Sunday

MOSCOW (Pakistan Point News / Sputnik - 11th March, 2019) The shares of the US plane manufacturer Boeing fell by 10 percent at the pre-bids on Monday after the jet made by the company crashed in Ethiopia on Sunday.

The Nairobi-bound Boeing 737 MAX 8 of the Ethiopian Airlines crashed early Sunday, minutes after taking off from Addis Ababa. All 157 people from over 30 countries who were on board were killed. The causes of the accident are yet unknown. According to the airline, the plane was well-maintained.

As of 11:22 Moscow time (08:22 GMT) Boeing stock lost 9.12 percent at the New York exchange. The loss amounted to 10 percent at the pre-bids.