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How will Boeing's stock price react to the FAA's inspection directive by the end of 2024?
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FAA Orders Inspections of 2,600 Boeing 737 MAX and NG Planes Over Oxygen Mask Issue
Jul 8, 2024, 04:59 PM
The U.S. Federal Aviation Administration (FAA) has mandated inspections for 2,600 Boeing 737 airplanes due to potential failures in passenger oxygen masks during emergencies. This directive affects both the 737 MAX and NG models. The FAA's decision, announced on July 8, follows multiple reports of oxygen generators shifting out of position, which could hinder oxygen supply during critical moments. Boeing issued a bulletin on June 17 advising airlines of the issue. The FAA's order aims to ensure passenger safety by addressing this critical equipment failure risk.
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