00:00 It's Benzinga and here's what's on the block. Boeing shares fell around 8% in pre-market
00:04 trading on Monday after the FAA grounded dozens of 737 MAX 9 planes. This was in response to an
00:11 incident on Friday where a door plug blew out mid-flight on an Alaska Airlines flight 1282,
00:17 causing rapid depressurization. The FAA order requires urgent inspections of around 171
00:24 MAX 9 aircrafts operated by major carriers in the U.S. The incident brings renewed
00:29 scrutiny onto Boeing from regulators as it tries to ramp up 737 MAX production
00:34 and rebound from two fatal crashes, pandemic-related supply chain issues,
00:39 and various quality defects. Airbus shares rose 1.7% amid investor speculation
00:45 that it may capture market share from Boeing. For all things money visit Benzinga.com
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