Boeing and supplier shares fall after mid-flight Alaska Airlines accident

On July 2nd, 2021, an Alaska Airlines flight from Anchorage to Seattle experienced a mid-flight accident when one of the doors on the Boeing 737 Max aircraft blew out during takeoff. The incident occurred at approximately 5:40 pm local time and caused the plane to make an emergency landing at Tacoma International Airport in Washington state.

According to the Federal Aviation Administration (FAA), the door was found to have blown out due to a manufacturing defect, specifically a faulty hinge. The FAA has launched an investigation into the incident and is working closely with Boeing and Alaska Airlines to determine the cause of the accident and any potential safety concerns.

Boeing shares fell by approximately 5% following the news of the accident, while supplier shares also experienced a decline. The incident marks the latest in a series of problems for the Boeing 737 Max, which has been involved in several high-profile accidents over the past few years.

It is important to note that this is an ongoing investigation and more information may become available as the investigation progresses. It is also worth noting that safety is always a top priority in the aviation industry and all necessary steps will be taken to ensure the safety of passengers and crew members.