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Another engine failure for Boeing

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Miguel A. Rodriguez
Miguel A. Rodriguez
22 February 2021
United Airlines takes 24 Boeing 777s out of service due to new engine mishap

The Japanese Federal Aviation Administration announced that it would order to inspect multiple Boeing 777 jetliners and ordered airlines to suspend aircraft with PW4000 engine until further notice.

United Airlines, the only US airline with this type of engine in its fleet, said that it would temporarily remove 24 Boeing 777s from service after one of the planes had an engine failure this weekend.

In a separate statement, Boeing recommended the halting of the 777s that have the same engines as the used by United: “While the NTSB investigation is ongoing, we recommended suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt & Whitney 4000-112 engines until the FAA (Federal Aviation Administration) identifies the appropriate inspection protocol.”

Boeing is no stranger to this sort of incidents happening with its engines. In February 2018, a 777-200 having PW4077 engines suffered a failure near Hawaii as a fan blade fractured. However, the passengers and the crewmembers reached Honolulu safely.

Later that year, a passenger was killed after a fan blade broke off from a Southwest Airlines Boeing 737’s engine.

Following the news, Boeing stock price lost 3.63%, while United Airlines is trading 0.27% higher.

Sources: finance.yahoo.com, cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.