Boeing (BA) Plunged with Grounding of its 737 Max 9 Jets. What’s Next?

Boeing Co (BA) plunged more than 7% on Monday January 8’s premarket after the U.S. Federal Aviation Administration ordered a temporary grounding of its 737 Max 9 jets over the weekend. A new alarming story for the barely recovered after previous scandalous 737-Max-related emergencies, involved a situation when a door was torn off an Alaska Airlines 737 mid-flight on Friday.

A new Boeing 737 MAX 9 experienced explosive decompression during flight, raising concerns about manufacturing issues. Aviation regulators did not initially ground the Boeing 737 MAX 9 aircraft in response to the incident, but Alaska Airlines grounded all 65 of its Boeing 737 MAX 9 aircraft to undergo comprehensive maintenance and safety inspections. The investigation will likely focus on a disabled intermediate backdoor, which could limit its scope and impact.

The registration number of the aircraft involved is N704AL and was delivered to Alaska Airlines on October 31, 2023, so it is a brand new jet. After the incident, the FAA and the National Transportation Safety Board launched an investigation.