BOEING STOCK
Shares fell 6.75% to close at 143.61 on the stock market today. Rival Airbus (EADSY), facing coronavirus headwinds of its own, lost 2.6%.
Top 737 Max supplier Spirit AeroSystems (SPR) gave up 7.8%. General Electric (GE), which makes engines for the 737 and the Boeing fighter jets, dropped 4.8% in Monday.
China's CDB Financial is the second lessor to cancel Boeing 737 Max orders in as many days. On Friday, General Electric's (GE) GECAS scrapped orders for 69 jets. The coronavirus pandemic has brought air travel almost to a halt.
In March, Boeing saw 150 Boeing 737 Max orders cancelled. The jet's grounded around the world after two deadly crashes.
The planemaker hopes to get the plane back in the air by mid-year.
Top 737 Max supplier Spirit AeroSystems (SPR) gave up 7.8%. General Electric (GE), which makes engines for the 737 and the Boeing fighter jets, dropped 4.8% in Monday.
China's CDB Financial is the second lessor to cancel Boeing 737 Max orders in as many days. On Friday, General Electric's (GE) GECAS scrapped orders for 69 jets. The coronavirus pandemic has brought air travel almost to a halt.
In March, Boeing saw 150 Boeing 737 Max orders cancelled. The jet's grounded around the world after two deadly crashes.
The planemaker hopes to get the plane back in the air by mid-year.
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