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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Safran SA | EU:SAF | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.90 | -1.38% | 207.30 | 207.20 | 207.30 | 209.80 | 204.10 | 209.80 | 226,495 | 16:13:01 |
By Will Feuer
Boeing Co. shares fell more than 6% in morning trading after one of the company's passenger planes operated by China Eastern Airlines Corp. Ltd. with 132 people aboard crashed in southern China.
The 737-800 model has been involved in 22 hull-loss incidents globally since entering into service in 1998, according to the Aviation Safety Network, run by the Flight Safety Foundation, an independent safety advocacy group.
The model plane uses a CFM56 engine, which is made by CFM International, a joint venture between General Electric Co. and Safran SA.
Shares of Boeing traded more than 6% lower at $180.75 in morning trading, while China Eastern Airlines' American depositary receipts fell almost 9% to $17.40. Both companies recovered from even deeper premarket losses earlier in the morning.
Shares of GE fell almost 2% to $94.02 and Safran stock fell more than 2%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 21, 2022 10:14 ET (14:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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