Shares of the world’s biggest plane maker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion in market valuereported that the Federal Aviation Administration expects to approve 737 MAX jets to return to service as soon as late June.
The stock has also been among the worst performers on the S&P 500 index and the Dow Jones Industrial Average. “The dialogue is shifting more towards when the aircraft can get back into service as opposed to if,” Morgan Stanley analyst Rajeev Lalwani wrote in a note.
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