Boeing and GE Shares Climb as 787 Black Boxes Yield Clues
June 30 - Boeing (NYSE:BA) shares inched up about 1.5% early Monday as analysts awaited insights from flight data recovered after the June 12 crash of Air India Flight 171.
Teams in Delhi began downloading information from the 12?year?old 787's two black boxes, flight-data and cockpit-voice recorders painted bright orange to aid recovery, hoping to pinpoint what led to the jet's failure shortly after takeoff.
Warning! GuruFocus has detected 6 Warning Signs with BA.
Meanwhile, GE Aerospace (NYSE:GE) stock climbed more than 3%, buoyed by its role as the 787's GEnx engine supplier and recorder manufacturer. The aircraft had logged roughly 41,700 flight hours over 7,800 trips and underwent a C check inspection in 2023, with engine overhauls earlier this year.
India's aviation regulator and both manufacturers declined to comment, as is standard during active probes. Investigators are focused on why both engines cut out, examining fuel systems, electrics and hydraulics, said Civil Aviation Minister Murlidhar Mohol.
A preliminary update may arrive in the coming weeks, with a full accident report expected in the months ahead, potentially shedding early light on the deadly 787 failure.
This article first appeared on GuruFocus.
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