Boeing, the world’s largest aerospace company, is under investigation by the US Federal Aviation Administration (FAA) over certain 787 Dreamliner aircraft. The FAA has launched an inquiry into whether mandatory checks at the connection point between the wings and fuselage were conducted as per regulations. They are also looking into whether Boeing falsified documents related to these inspections.
Boeing’s shares fell by around two percent before trading closed in New York following news of the investigation. This latest setback comes after significant sales declines due to the reduction in production of its 737 MAX model following high-profile incidents. The company has faced criticism for alleged negligence in design and production practices, which have impacted its financial performance and reputation within the industry.
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