The probability of aircraft engine failure is very low

With Boeing’s stock trading at about half its 2019 high, a new accident and possible ripple effects could prolong the stock’s slump.

Boeing, accidents, the stock market

The combination of the outbreak and the 737Max crash caused Boeing to post a historic loss of nearly $12 billion in 2020.To raise money, Boeing has issued $25 billion in bonds and slashed its workforce.Recent media reports suggest that Boeing may even sell the headquarters of its commercial aircraft division.

The problem centers on the Pratt & Whitney 4000 engine, which was made by Pratt & Whitney, one of the world’s leading engine makers, and was approved by the FAA around 1986. According to a summary of information, there have been five incidents involving engine failures in the Pratt & Whitney 4000 model since it began commercial use.Industry figures point out that overall, the probability of an aircraft engine failure is very low.

JOHN GOLIATH, FORMER NATIONAL TRANSPORTATION SAFETY BOARD MEMBER: With modern airplane engines, engine failures are very rare. Today’s engines are very reliable.

But a number of accidents in recent years have been involving Boeing aircraft, which has raised safety concerns about the company, especially after the Boeing crash, which may make regulators more vigilant.

A new report published by New York magazine cites an investigation by the National Transportation Safety Board (NTSB) that says there appears to have been a lapse in previous inspections of Boeing’s aircraft engines.After previous engine failures, the U.S. National Transportation Safety Board recommended that Boeing redesign the bonnets to better withstand engine failures.

The 737Max crash has revealed a number of leadership and oversight problems at Boeing over the past few years.The investigation into the accident is still under way.