United Airlines removes from services multiple Boeing 777s
United Airlines announced that it would temporarily remove
24 Boeing 777s from service, as a new incident occurred this weekend. A Boeing
777 aircraft with PW4000 engines had an engine failure.
Boeing gave a statement that advised the halt of the 777s
that have the same engines as the ones used by United: “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.”
Moreover, the Japanese Federal Aviation Administration
announced an inspection of such planes and ordered airlines to suspend any air
carries with PW4000 engines until stated otherwise.
Over the year, multiple incidents were reported due to
faulty engines, as fan blades fractured, causing even deaths.
After the news hit the wires, Boeing stock traded 3.63%
lower, while United gained 0.27%.
Sources: cnbc.com, finance.yahoo.com
This information prepared by ClickTrades.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 have 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 ClickTrades.com.
Stronger-than-expected earnings for Deere
Stronger-than-expected Q4 earnings for Macy’s