Air India Boeing 787 Crash
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Boeing (NYSE:BA) has restarted its aircraft deliveries to China, handing a new 787-9 Dreamliner to Chinese carrier Juneyao Airlines on Saturday, Reuters reported, citing Shanghai-based business news outlet Yicai.
A London-bound Air India plane carrying more than 240 people crashed shortly after takeoff Thursday. Authorities said there were no known survivors.
The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on Saturday, Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease.
Despite its current price of approximately $205, which may seem like a reasonable valuation, we do not consider Boeing stock to be a compelling investment at this moment.
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