Boeing, the largest civilian aerospace manufacturer in the United States, has been a significant part of the American economy for decades. The company is a key player in the global civil aircraft manufacturing industry, alongside Airbus. Boeing's aircraft have been recognized for their safety, efficiency, and technological advancements.
However, Boeing's reputation has suffered following two fatal crashes involving its 737 MAX aircraft. These incidents revealed a lax safety culture within the company, leading to regulatory scrutiny and supply chain issues that affected production and delivery targets.
In early 2024, Boeing faced another setback when a door plug blew off a 737 MAX during flight. Although no injuries occurred, this incident raised further concerns about safety at Boeing. Despite these challenges, Boeing managed to secure an order for up to 200 737 MAX planes from Turkish airline Pegasus by the end of 2024. This order led to a rally in Boeing's stock prices, with shares rising over 25%.
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