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Given that the problem is with the engine, which Boeing did not build, why would Boeing stock be down?
by MattGaiser 6y ago
Given that the problem is with the engine, which Boeing did not build, why would Boeing stock be down?
- xxpor 6y agoFun fact: United Airlines, Pratt and Whitney, and Boeing used to all be the same company. They were forced to break up after the Air Mail Scandal: https://en.wikipedia.org/wiki/Air_Mail_scandal https://en.wikipedia.org/wiki/Air_Mail_scandal United Technologies is the result of the manufacturing interests east of the Mississippi and Boeing got everything west.
- kayfox 6y agoIndeed, 88 years ago Boeing made an agreement with the US government not to make certain aircraft parts (engines mostly) and not to operate any airlines. Those ugly freighters they built for the 787? Flown by Atlas Air.
- worker767424 6y agoBecause people like GP see "Boeing" and "engine failure," assumes Boeing was at fault, and sells or shorts. It makes sense if you don't realize Boeing doesn't make the engines for these planes.
- JohnJamesRambo 6y agoAre you saying grounding Boeing planes is GOOD or neutral for Boeing, but definitely not a negative?