Boeing is facing mounting pressure over its flight safety systems with its shares tumbling as investors react to fresh allegations.
Boeing's shares are sliding in premarket trading after the Ethiopian transport minister said the crew on a fatal Ethiopian Airlines 737 Max flight followed correct procedures but were unable to avert disaster.157 people died in the flight last month which has increased pressure on Boeing's systems following a similar crash in Indonesia last year.
Ethiopia's Transport Minister Dagmawit Moges said that"the crew performed all the procedures repeatedly provided by the manufacturer but was not able to control the aircraft." She delivered a report outlining last month's crash on Thursday. The Ethiopian Airlines flight went down despite pilots' attempts to follow the emergency instructions Boeing had provided, leading to the death of 157 people.
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