$Boeing(BA)$ P&L community share for 10 ๐ coins. I'm closing my positions in BA at the start of pre-market trading in about 13 hours. The recent aviation incidents have been devastating ๐๐๐ These incidents weigh heavily, and my heart goes out to those who have lost loved ones!
Tragic Aviation News โ๏ธโ๏ธโ๏ธ๐ข๐ช๐
In the last 24 hours:
โข A Jeju Air Boeing 737-800 crash in South Korea claimed the lives of 179 out of 181 onboard. Investigators are exploring a possible bird strike and landing gear malfunction.
โข A KLM Royal Dutch Airlines Boeing 737-800 experienced a runway excursion in Norway due to hydraulic failure, but all 182 passengers and crew survived.
โข An Air Canada Express Dash 8-400 scraped its wing on landing, leading to a fire and minor injuries among 73 passengers.
These details are still under investigation, and itโs too early to conclude causes, though the implications for Boeing could be severe.
Impact on Boeing
The stock will likely gap down after this tragic news. The FAAโs next moves could determine Boeingโs future trajectory. A restriction on sales would push the stock toward significant lows.
As someone passionate about aviation and having worked in the aviation sector both in New Zealand and United States where I have witnessed firsthand tragic accidents, this is a deeply personal decision, but the emotional weight and potential risks make it difficult to hold onto my positions right now.
Letโs hope for thorough investigations, improved safety measures, and healing for all those affected by these tragedies.
Hoping for brighter days ahead in the aviation sector!
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Such sad news BC and so terribly sad for those that have lost their nearest and dearest! Sad also for South Korea, as I know you have friends there. I know how passionate you are about aviation. Our prayers are with these people that are affected ๐๐๐๐๐๐
- Azerbaijan Airlines Flight 28243 (Embraer 190)
- KLM Flight 1204 (Boeing 737-800)
- Jeju Air Flight 2216 (Boeing 737-800)
- Air Canada Flight 2259 (De Havilland Dash 8)
So so sad ๐ฟ๐ฟ๐ฟ
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