Boeing crisis strikes its actions and those of its suppliers

Boeing Co announced on Friday night that it planned to reduce the monthly production of its 737 model by almost 20% after the two fatal accidents in which its planes were involved in recent months., sign that the company does not expect that the aviation authorities will soon authorize the next flight of the aircraft.

Boeing's decision hit the actions of the aerospace groups involved in the 737. Meggitt, Melrose and Safran fell between 1% and 2.5%.

Boeing's shares decreased by approximately 2.7% in pre-market operations. On the other hand, their problems increased European Airbus shares by around 1%.

Deliveries of Boeing's best-selling aircraft were frozen after several airlines around the world suspended 737 MAX flights after an Ethiopian Airlines plane crash on March 10, killing 157 people at the airport. edge.

Production will be reduced from 52 to 42 aircraft per month from mid-April, the company said in a statement, without giving a date for the end of its decision.

The investment bank Cowen said that Boeing's decision to reduce its production on the 737 was right.

"The reduction of 737 to 42 (planes) a month should help solve the crisis of MAX, but with a hard blow to the receipts in 2019," Cowen writes in a note.