$4 BILLION wiped off Boeing’s value overnight after whistleblower ‘suicide’ – as share price plunges to five-month low

Boeing shares have fallen by as much as $3 billion following the news of a whistleblower’s alleged suicide over the weekend.

Share prices for the aerospace giant fell more than 3 percent to s$184 on Tuesday morning – a five-month low after weeks of scandals involving the company.

Shares of Southwest Airlines also fell 13 percent after the company said it would limit its capacity plans and reassess financial forecasts for this year. Southwest said Tuesday that Boeing informed them it would take delivery of 46 Boeing 737 Max 8 planes this year, down from the 58 originally planned.

It is the highest drop for the company since the early part of the Covid-19 pandemic.

On Monday, it also emerged that an audit by the Federal Aviation Administration found that Boeing failed 33 of the 89 product audits performed.

Boeing’s price drop also comes after former employee and whistleblower John Barnett, 62, was found dead in South Carolina, where he had been discussing a retaliation case with Boeing lawyers.

Share prices of the US aviation giant fell by more than 3 percent as it faces several scandals regarding its planes

The suit alleged that vacuum workers knowingly fitted ‘substandard’ parts to Boeing 787s and that brass swept errors under the carpet to save money.

The airline industry has cut expectations for deliveries this year due to Boeing’s problems, complicating its efforts to meet record travel demand

The first few months of the year have been full of scandals involving Boeing, including several frightening mid-air near-tragedies, starting with the Alaska Air incident in January, in which a panel blew off mid-flight.

On Thursday, a wheel fell off a Boeing 777-200 shortly after takeoff in San Francisco.

The 256-pound wheel fell from a United Airlines plane shortly after takeoff and crushed cars parked below after it plummeted to the ground.

On Monday, just days before the wheel incident, a 737 engine caught fire mid-flight.

The terrifying incident occurred just minutes into a United Airlines flight bound for Fort Myers, Florida.

Video taken from a passenger window shows white-hot flashes streaming from the 737’s jet engine.

In January, an Alaska Airlines flight suffered a near-catastrophic disaster when an aircraft door blew out at 16,000 feet above Portland

Boeing CEO Dave Calhoun speaks to reports at the Capitol in January after the MAX 9 plane was grounded following the door incident. The company is now under criminal investigation

Earlier this week, the head of the National Transportation Safety Board accused Boeing of failing to provide some key information sought in its ongoing investigation into the Alaska Air cabin door.

NTSB Chair Jennifer Homendy said investigators have sought the names of the 25 people who work on door stoppers at a Boeing facility in Renton, Wash., but have not received them from Boeing.

“It’s absurd that two months later we don’t have it,” Homendy said at a Senate Commerce Committee hearing Wednesday.

Boeing insisted that it had initially given the NTSB some of the names of Boeing employees, including door specialists, who were believed to have relevant information.

Senator Ted Cruz, the top Republican on the Commerce Committee, called it ‘completely unacceptable’ that the NTSB did not receive full cooperation from Boeing.

Homendy also confirmed that the MAX 9 door plug had moved during previous flights, citing markings on the door.