Boeing 787 Tail Strike Forces Emergency Return to Munich
BA sits 31% above its 52-week low of $176.77.
Summary
A Vietnam Airlines Boeing 787 suffered a tail strike and tyre-pressure warnings on takeoff from Munich, forcing a return after burning fuel for over two hours. All 271 passengers and 16 crew are safe, but the aircraft was stranded on the runway, disrupting Munich Airport operations. German authorities lead the investigation with Vietnamese assistance. This is the first report of this incident, which raises safety concerns for Boeing's 787 program amid ongoing scrutiny of its manufacturing quality.
At the time of this announcement, BA was trading at $231.55 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $183.1B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.