Boeing is dragging down the Dow after second 737 MAX crash — in plane-maker’s worst day since the 9/11 attacks

Boeing Co. chief executive Dennis Muilenburg faces his biggest crisis yet following the second deadly crash of a 737 Max jetliner, as some airlines grounded the best-selling plane and the shares logged their biggest loss since the aftermath of the 9/11 attacks.

Boeing sank 11 per cent to US$374.31 at 9:37 a.m. in New York after sliding as much as 13 per cent for the biggest intraday decline since Sept. 17, 2001, the first day of trading after the 9/11 attacks. Investigators have recovered the cockpit voice and flight-data recorders, Ethiopian Airlines said Monday, a significant step forward in piecing together what happened.

Lion Air, which is based in Indonesia, is one of the biggest customers, having ordered 201 Max planes and taken delivery of 14. Boeing responded to the earlier crash by advising pilots that the Max’s so-called angle-of-attack sensor can provide false readings, causing the plane’s computers to erroneously detect a mid-flight stall in airflow. That in turn can cause the aircraft to abruptly dive to regain the speed the computer has calculated it needs to keep flying. Pilots could counteract the sudden downward tilt by following a checklist in their training manual, the planemaker said.

Ethiopian Airlines had five of the planes in operation as of the end of January and orders for a further 25, according to Boeing’s website. Boeing has dispatched a technical team to assist the investigation into the Ethiopian Airlines plane, which was delivered new in November to Africa’s biggest carrier, while the FAA, which originally certified the 737 Max and U.S. National Transportation Safety Board have also joined the probe.

Why did 9/11 bring down Boeing shares Planes too easy to high jack without armed guards Wtf.

Share prices are hurt? Well now it's serious!

Note to self (pilot): Air going over a wing causes lift. Air NOT going over a wing in sufficient volume causes gravity to 'win' big. Don't DO that. 10-4, roger.

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