Boeing shares tumbled 8% ahead of Monday’s trading session after its China Eastern Airlines plane, with 132 people on board, crashed in the mountains of southern China.
The cause of the accident was not immediately known and the media reported that rescuers found no sign of survivors. Boeing said it is working to gather more information.
“We can confirm that the plane crashed,” China Eastern Airlines said in a statement. Its US-listed stocks fell 15.8%.
The jet involved in the accident was a six-year-old Boeing 737-800, according to Flightradar24, the predecessor of the 737 MAX model.
The popular model 737-800 has a maximum capacity of 189 seats and is powered by a CFM-56 engine, according to the plane maker’s website.
The engines are manufactured by a joint venture between General Electric Co and France’s Safran SA.
The accident comes at a time when Boeing is nearing regulatory approval in China for the 737 MAX aircraft, its “dairy cow”, after two fatal accidents in Indonesia and Ethiopia led to its stop in China’s biggest domestic market. world aviation.
Source: CNN Brasil
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