The Boeing disaster is a blow to the US economy

The accident of the Boeing 737-MAX has raised many questions about the efficiency of the aircraft and about the general credibility of Boeing, all the more so that it 's only a matter of time. was acting the second incident of the same model of plane in 4 months.

The dimensions of this disaster may not stop at the continuation of the production of this type of aircraft by the company, nor at the losses incurred by Boeing following the cancellation of contracts of the same type. supply and maintenance of the aircraft, and could extend to the US economy itself, Boeing being one of the largest US companies.

A painful blow for the US economy and for Boeing

"The company will lose the trust of its customers and Boeing will lose many customers, especially since it is the second in a short time," said Dr. Abdulrahman Al-Tarifi, economist of the United Arab Emirates. "The company Boeing will certainly acquire a bad reputation after this incident.Its devices being safer, the US economy will have a certain impact.

"Wall Street is going through a bad period in general, and US stock prices fluctuate considerably, and I think the US trade war against China will have a negative impact on China after this incident, especially since the Boeing 737 is one of the most popular aircraft.In particular in China, where China has been piloting new aircraft for some time, Airbus is cheaper and consumes less fuel, making it a potential alternative to Boeing on the market.

Earnings even in case of loss

The writer and economic adviser Abdul Hay Zallum believes that the impact will not affect the largest economies in the world and stresses that: The US economy will not be seriously affected by the accident aircraft, because the US media will mitigate the impact of this disaster on the economy and could be charged The error on the pilots, not being sufficiently trained on this type of aircraft, as for the stock market, the American economists have designed the stock exchange so that they can make a profit in the event of a rise or fall in share prices.

The effect may come later

"It's too early to talk about an impact on the US economy after the incident," said Paul Kramos, director of Poland's economics consulting firm. "Although Boeing is one of the largest companies in the United States, the problem is apparently technical at first glance, The fall occurred after six minutes of takeoff, so we have to wait to see the main cause of the accident.

Boeing has signed a contract for the production of approximately 5,000 of these 737 aircraft and has been in operation for approximately two years. These contracts have allowed it to work a lot But it is too early to say that this has a direct impact. If this is repeated, it will be a painful blow for Boeing and its competitor on the aircraft market. We risk seeing the cancellation of some contracts. Millions of dollars, which represents a very high income at the expense of R, as well as the jobs that they pose.

The expert believes that many types of aircraft have already had accidents in the past. This does not mean that the plane is invalid or bad. He adds: Boeing is a leader in the aviation market and its rival Airbus. I do not think there is a competing aircraft in this market. So it is too early to talk about the loss of confidence in the plane or in the business in general. Thus, in case of repetition of this event and defects in the aircraft, this would call into question the credibility of the company and the possibility for the company to avoid such errors, Service without adequate test.

"Boeing will test all aircraft, so it will be a difficult time for the company, not to repeat this incident in the future.

He pointed out that the share price had dropped by 10% before the opening of the stock market to reach less than $ 400 per share. He admitted: The market value of the company had dropped significantly to $ 223 billion. 17 million shares, for the sake of investors to cancel the contracts of the company with the parties requesting an aircraft.

"On the contrary, there has been a rise in stocks such as Apple to offset the loss of the Dow Jones index, after the valuation of its shares on Wall Street, and Boeing is the only point down, so the outlook for the shares of companies helped to mitigate the impact of the decline in Boeing shares.

At least 157 people were killed in the crash of a Boeing 373 MAX owned Ethiopian Airlines, six minutes after takeoff from Addis Ababa airport to the Kenyan capital, Nairobi.