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The 737 MAX Aircraft and the Reputational Damage to Boeing
It seems that the Alaska Airlines Boeing 737 MAX event on January 6th. Was possibly not the result of a widespread production flaw, however, the Boeing 737 MAX aircraft has been constantly plagued by negative publicity. The company is now having to deal with yet another safety issue and is facing the increased scrutiny that comes with it.
Following the incident, the Federal Aviation Administration issued a grounding order, and Boeing’s stock value dropped by 8% as investors attempted to evaluate the potential impact of the incident. The current stock price is some 19% lower than it was one month ago.
The MAX has gained notoriety as one of the most well-known airplane models in the history of commercial aviation. After two fatal crashes in 2018/19,