Boeing faces new inquiry on handling of 737 crisis - The Times

Boeing’s troubles have deepened after it emerged America’s securities watchdog is investigating the company’s handling of the 737 Max crisis.

The US Securities and Exchange Commission is examining whether Boeing gave shareholders enough information about potential problems with the 737 Max and whether its financial statements reflected the possible impact of these issues. The SEC’s interest in Boeing was first reported by Bloomberg.

Boeing, the world’s largest aerospace group, is struggling after two crashes of the 737 Max, its bestselling aircraft, which remains grounded worldwide. Justice and transport department officials, Washington politicians and America’s aviation watchdog are already investigating the $200 billion company over the disasters.

Boeing shares dipped by 0.7 per cent shortly after the report about the SEC investigation was published, but recovered…

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May 25, 2019 at 06:01AM