(BFM Stock Exchange) – The title unscrews more than 5% at the start of the session at Wall Street after the Indian company announced that a plane carrying around 200 passengers crashed.

The Boeing action suffers from Wall Street after the announcement of a crash of a 787, itsor-nicknamed the “Dreamliner”.

The title plunges 5.4% at the start of the session at Wall Street this Thursday, June 12, around 3:40 p.m. An Air India company, transporting more than 200 passengers according to AFP, crashed. This device was making a flight connecting Ahmedabad, an Indian city, in London. The Indian news agency Ani News evokes 242 passengers aboard this link.

At this point, the causes of the incident are still unknown. According to its website, Air India has a fleet of 128 Airbus and Boeing planes. Boeing devices at Air India are all large carriers (777, 787).

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A reputation tainted

According to Jefferies, the 787 had a “robust assessment” in terms of security. “This is the first fatal accident involving a 787 since the entry into service of this type of plane in September 2011,” writes the bank.

However, last year the American regulator of civil aviation La FAA, had opened an investigation into the 787 Dreamliner, seeking whether compulsory inspections as to the junction of the wings to the fuselage had been properly carried out.

“The 787 is a bit of the flagship plane of the Boeing fleet, it is a plane that is very popular with airlines because it is a plane that consumes little fuel oil, it is a plane made of relatively light composite materials, so it’s a bit the plane put forward today in Boeing,” explains Éric Lafrenière, manager at Sunny Am.

Boeing has seen his reputation be marred in recent years by incidents. The group has above all suffered on the stock market for setbacks on its 737 max family, single -offs that are in competition with the A320 NEO family from Airbus.

The 737 Max had experienced two tragic accidents in 2018 and 2019 which had caused 346 dead. The 737 Max had been banned from thefts, especially in Europe and the United States, for many months.

These setbacks have strengthened the competitive advantage of Airbus on the key segment of the single -offs, the most dynamic on the market. “While Boeing continues to deal with production quality problems and increased regulatory surveillance, Airbus has won significant market share although it is also confronted with a constrained supply chain,” Royal Bank of Canada wrote in May 2024. In 2022, Airbus claimed a market share 60% in this niche.

The group began to recover from this crisis. Bank of America stresses that its new director general, Kelly Ortberg, has completed “Herculean” tasks, notably with the implementation of security and quality control systems, a point that has been lacking in the group in the past.

“There is a quality culture at Airbus which is an engineering company, while Boeing has a financial culture and is experiencing important quality concerns,” said News Bulletin 247 last year.

Boeing has also improved its operational performance, especially on production. In the first quarter, deliveries increased by 57% over a year and the group recalled wanting to reach by the end of the year a monthly production pace of 38 aircraft 737 max. The action had taken up 6% in the wake of the publication of these quarterly results.

“We believe that it is possible for Boeing to produce 38 aircraft 737 per month by the fourth quarter. Under the direction of Kelly, we are more confident in the capacity of the company to break (its) fatal loop ”, slice Bank of America, which is bought on the title at the beginning of the month.

According to Jefferies, Boeing has delivered 1,189 aircraft 787 since 2011 and his order book includes 948 units of this family of planes. The 787 is also the best-selling large-selling plane in the world, according to Boeing, with more than 2,000 orders placed with 89 customers.

Note that Ge Aero, the group that produces the 787 “Genx” engine fell to 2.6%.