Another engine failure for Boeing

Another engine failure for Boeing

United Airlines takes 24 Boeing 777s out of service due to new engine mishap

The Japanese Federal Aviation Administration announced that it would order to inspect multiple Boeing 777 jetliners and ordered airlines to suspend aircraft with PW4000 engine until further notice.

United Airlines, the only US airline with this type of engine in its fleet, said that it would temporarily remove 24 Boeing 777s from service after one of the planes had an engine failure this weekend.

In a separate statement, Boeing recommended the halting of the 777s that have the same engines as the used by United: “While the NTSB investigation is ongoing, we recommended suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt & Whitney 4000-112 engines until the FAA (Federal Aviation Administration) identifies the appropriate inspection protocol.”

Boeing is no stranger to this sort of incidents happening with its engines. In February 2018, a 777-200 having PW4077 engines suffered a failure near Hawaii as a fan blade fractured. However, the passengers and the crewmembers reached Honolulu safely.

Later that year, a passenger was killed after a fan blade broke off from a Southwest Airlines Boeing 737’s engine.

Following the news, Boeing stock price lost 3.63%, while United Airlines is trading 0.27% higher.

Sources: finance.yahoo.com, cnbc.com

This information prepared by za.capex.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.

You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.

This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.