Up until the beginning of 2019, there's no doubt that being an investor in the aircraft manufacturer Boeing was quite an enjoyable experience. In February 2019, the stock reached a peak at $424, but from there, it quickly went downhill.
Despite a gradual recovery for Boeing, several scandals have significantly shaken the company, affecting its business and causing the stock to head in the wrong direction again.
Below, we've taken a closer look at some of the major scandals involving Boeing in recent times, so you can get an overview of why this otherwise popular company has found itself in a situation where many now completely avoid flying with them.
Boeing 737 MAX Crashes: The Tragic Episodes
October 2018 & March 2019
Fatalities: 346 lives lost in Lion Air and Ethiopian Airlines crashes.
Aircraft: Boeing 737 MAX 8
Outcome: Worldwide grounding of the 737 MAX for nearly two years.
Unforeseen Challenges: Engine Failures & Emergency Landings
February 20, 2021
Incident: Engine failure on a United Airlines Boeing 777-200 after takeoff.
Result: Emergency landing with engine fire but no injuries.
March 31, 2022
Incident: A Delta Air Lines Boeing 757 declares an emergency due to a broken windshield.
Result: Safe landing in Denver with 198 passengers.
Recent Concerns: Engine Troubles and Structural Failures
June 6, 2023
Flight Path: New Delhi to San Francisco on an Air India Boeing 777.
Incident: Engine troubles necessitating an emergency landing in Russia.
January 5, 2024
Detail: Missing door stopper bolts on an Alaska Airlines Boeing 737 MAX 9.
Context: Incident occurred shortly after the aircraft's delivery.
January 13, 2024
Observation: Crack in cockpit front glass of an All Nippon Airways Boeing 737.
Action: Immediate return to New Chitose Airport.
Landing Gear and Engine Fires: The Latest Reports
January 20, 2024
Incident: A wheel detaches from Delta Air Lines Boeing 757 during taxiing.
Location: Hartsfield-Jackson International Airport, Atlanta.
February to March 2024
Events: Include wing damage, engine fire, and a tire falling off during takeoff.
Aircraft: Variants include Boeing 757-200 and 777-200.
Technical Failures: Risks and Responses
March 11, 2024
Incident: "Technical failure" in a LATAM Airlines Boeing 787-9.
Impact: Caused violent shaking and multiple injuries.
Route: Sydney, Australia to Auckland, New Zealand.
