Boeing Faces Scrutiny After South Korean Crash

Boeing has faced a tumultuous year in 2024, culminating in a tragic crash of a 737-800 aircraft in South Korea that resulted in the deaths of 179 out of 181 onboard. While the investigation into the crash is ongoing, experts emphasize that the incident is unrelated to the previous issues involving Boeing's 737 Max model, which has faced scrutiny after two fatal crashes in 2018 and 2019. The company is grappling with a decline in reputation and stock price, having dropped over 30% this year, further exacerbated by a machinists strike that disrupted production. Additionally, questions arose regarding the safety of the 737 Max when a door plug detached during a flight in January. Despite these challenges, the 737-800 model involved in the crash has a strong safety record, according to aviation consultant Alan Price. Boeing's financial losses have exceeded $23 billion in recent years, leading to a comparative decline in its market position against rival Airbus.