FBI Joins criminal investigation on Boeing 737’s Max certification

by   |  VIEW 633
FBI Joins criminal investigation on Boeing 737’s Max certification

The US Federal Bureau of Investigation (FBI), had joined the criminal investigation over the certification issue of Boeing’s latest aircraft model 737 Max 8, a Seattle Times report had revealed on Wednesday, the 20th of March 2019, citing people familiar with the matter.

FBI had joined the investigation of world’s largest aircraft maker’s latest addition, as the Federal Prosecutors and US Department of Transport had been heavily scrutinizing the production chain of 737 Max Jetliners following two similar crashes over past six months, which had killed more than 350 people.

Followed by a fatal aircraft crash in Ethiopia eleven days ago, over 300 Max passenger jets had been made grounded and Boeing Co. shares had been experiencing a catastrophic period amid intense criticism and an ongoing investigation on crashed aircraft’s black box, which showed clear similarities with another 737 Max 8 crash that came down offshore of Indonesia on last October, killing 179 people.

Followed by the reveal of the Newspaper report, Boeing Co.’s share had plunged as much as 4 percent before closing the day marginally higher, 0.59 percent at $376.16, listed in NYSE, largely winded by a dovish Fed stance.

FBI neither confirmed nor denied an ongoing probe on Boeing 737 Max certification, while Boeing Co. did not respond immediately while being asked for comments.