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Boeing slides after Fitch becomes negative on the maker of the ground 737 Max



Grounded Boeing 737 MAX aircraft are seen parked in an aerial view at Boeing Field in Seattle, Washington

Lindsey Wasson | Reuters

Boeing's shares happened Monday after Fitch Ratings became negative on the manufacturer of the 737 Max, the manufacturer's best-selling aircraft, which has been grounded since March after two deadly crashes.

Boeing's stock was down 1.2% in morning trading, Boeing last week told investors that it would cost $ 4.9 billion in the second quarter to compensate airlines affected by worldwide landing now in the fifth month.

] Fitch maintained Boeing's credit rating, but warned that his debt could increase by $ 1

0 billion to over $ 24 billion by the end of the year due to Max's grounding. It was added that this amount would fall when the delivery of the aircraft resumes.

Boeing paused deliveries of Max and cut production by nearly 20% to 42 a month in the wake of the second accident.

Chicago-based Boeing reports Q2 earnings Wednesday morning.

This is breaking news. Please check back for updates.


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