ANALYSIS: Has the US Federal Aviation Administration forfeited its position as the guardian of world aviation safety?
"Previously, other countries accepted the FAA's word as gospel as to whether planes were safe to fly," he said.Boeing's annual revenue under threat
While relatives and friends of those killed in the two crashes count the human cost, attention is turning to the financial cost, which for Boeing shareholders is already billions of dollars. Boeing shares are down 12 per cent since Sunday's crash, including on Monday, the worst intra-day fall since 9/11, which wiped $US40 billion off the value of the company."I think the 737 MAX 8 is technologically better than any other plane flying," said US analyst Jim Corridore, from research house CFRA.
Boeing has received orders for more than 5,000 737s and 2,639 of them — more than half — are for the MAX 8.
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