Boeing is back in the global spotlight after an Air India Boeing 787 Dreamliner reportedly crashed minutes after takeoff from Ahmedabad, India, killing more than 240 people.
The incident was the first fatal crash involving the Dreamliner since it was introduced in 2009, and was hit by timing as the company was struggling with various technical and financial crises.
Boeing has yet to fully recover from the black episode of the 737 Max model that killed 346 people in two crashes in 2018 and 2019 that triggered a global grounding of the model, followed by a federal investigation into the company.
Last month, Boeing escaped criminal charges after reaching a settlement with the US Department of Justice over allegations of deceiving regulators, but the market was not forgiving. The company's shares plunged more than 4% following the recent Dreamliner crash.
Since 2019, Boeing has recorded losses of more than $35 billion, compounded by a labor strike that halted production at major factories and a one-third drop in aircraft deliveries through 2024.
Rival Airbus has continued to surge with deliveries nearly double Boeing's.
But in a surprise boost, Middle Eastern carrier Qatar Airways has placed a massive $96 billion order for the 787 and 777X — including a model currently under investigation.
Can Boeing recover from this slump, or are we witnessing the beginning of its downfall?
