Everyone who is constantly checking on the stocks would know the bus around the stock price drop of Boeing. This is a clear indication of how much pressure and importance is given to safety and other related issues. Monday to a big dip of about 8% in Boeing stock prices, which is almost the lowest it has reached in the last year. Boeing stock has always been a roller coaster in the past ten years but the latest Boeing stock going a sudden dip of 8% is a big fall for the aircraft stocks. The recent incidents involving the aircraft, the Boeing 737 Max 9 incidents, acted as the final nail in the coffin and brought the prices to an all-time low this year. Let us know everything about Boeing to understand where things went wrong.

History of Boeing

The Boeing Company, one of the world’s largest aerospace and defense producers, has a wealthy history that spans over a century. Here’s an outline of key milestones in the records of Boeing:

• Founding (1916): Boeing started off its base on July 15, 1916. William Boeing in Seattle, Washington, was the one who started it. The business enterprise focused on boat layout and creation, later increasing into aircraft production.
• B&W Seaplane (1916): Boeing’s first aircraft, the B&W Seaplane, took flight in June 1916. This marked the start of Boeing’s aviation legacy.
• Model 40 (1925): Boeing’s achievement in the airmail commercial enterprise began with the introduction of the Model 40, a biplane designed for sporting mail. This aircraft played a vital role in organizing Boeing as a key participant in industrial aviation.
• Boeing 247 (1933): The Boeing 247 changed into one of the first modern airliners, presenting an all-metal construction, retractable touchdown equipment, and different superior design features. It considerably prompted the destiny of industrial aviation.
• B-17 Flying Fortress (1935): Boeing became] a major contributor to navy aviation for the duration of World War II with the creation of the B-17 Flying Fortress, a heavy bomber that performed an essential position inside the conflict effort.
• B-29 Superfortress (1942): Boeing’s B-29 Superfortress became a critical strategic bomber used at some stage in World War II, notably in the Pacific theater. It gained ancient importance because of the aircraft that dropped the atomic bombs on Hiroshima and Nagasaki in 1945.
• Jet Age and Boeing 707 (1954): Boeing entered the Jet Age with the creation of the Boeing 707, the primary commercially successful jet airliner. The 707 revolutionized air travel by making long-distance flights more economical and snug.
• Boeing 747 (1969): The Boeing 747, additionally referred to as the “Jumbo Jet,” changed into added as the sector’s first wide-frame airliner. Its iconic hump and ability to carry a huge range of passengers made it a symbol of long-haul air journeys.
• Boeing 757 and 767 (Eighties): Boeing persisted in its innovation within the commercial aviation zone with the introduction of the 757 and 767, both of which became popular selections for airlines worldwide.
• Boeing 777 (1995): The Boeing 777, a protracted-range, huge-frame twin-engine jet, set new requirements for fuel performance, passenger comfort, and technological improvements. It stays a key participant in the lengthy-haul marketplace.
• Boeing 787 Dreamliner (2011): The Boeing 787 Dreamliner marked a full-size milestone with its significant use of composite materials, superior aerodynamics, and fuel performance. It is a widespread desire amongst airways for long-haul routes.
• Challenges and 737 MAX (2017): Boeing faced demanding situations with grounding the 737 MAX fleet in 2019 following deadly injuries. The organization worked on addressing safety concerns and implementing adjustments to ensure the plane’s protection. Throughout its records, Boeing has been a primary player in both the economic and navy aerospace industries, contributing notably to the improvement of the aviation era and shaping the future of air travel.

Important safety features that aircraft must have.

Aircraft safety is paramount, and modern-day airplanes are prepared with various safety capabilities to ensure the well-being of passengers and groups. These features cover several features, together with technology, design, and operational strategies. Some critical protection capabilities discovered in aircraft include:

Flight Control Systems:

Fly-by-Wire Systems: 

These electronic structures replace conventional mechanical controls with software-based ones, presenting greater Control and balance of the aircraft.

Envelope Protection: 

Systems that save the airplane from exceeding its secure working limits protect it from stalls, spins, and different risky conditions.

Avionics and Navigation Systems:

GPS Navigation: 

Global Positioning System (GPS) technology helps navigation accuracy and efficiency.

Terrain Awareness and Warning Systems (TAWS): 

Alerts pilots to check for any issues regarding the collision with terrain, assisting in preventing controlled flight into terrain (CFIT) accidents.

Collision Avoidance Systems:

Traffic Collision Avoidance System (TCAS): 

It provides pilots with records of all the nearby airplanes, and issues signal to save them from mid-air collisions.

Weather Radar and Sensors:

Weather Radar: 

It helps pilots navigate around or through unfavorable climate situations.

Turbulence Detection Systems: 

Detects and warns of turbulence in advance, improving passenger protection and comfort.

Autopilot Systems:

Autopilot: 

Assists pilots in controlling the plane, reducing their workload, and improving precision.

Emergency Systems:

Emergency Oxygen Systems: 

Provide supplemental oxygen to passengers and crew during a depressurization emergency.

Emergency Evacuation Slides: 

Aid in the rapid evacuation of passengers in the occasion of an emergency.

Structural Design and Redundancy:

Crash-Resistant Seats: 

Designed to guard occupants from impact.

Structural Redundancy: 

Multiple layers of safety in vital systems save you from various factors of failure.

Fire Detection and Suppression:

Fire Detection Systems: 

Monitor the aircraft for signs and symptoms of fireplace.

Fire Suppression Systems: 

Extinguish fires and save them from spreading.

Crew Training and Procedures:

Simulator Training: 

Ensures pilots are well-organized to deal with various emergency eventualities.

Standard Operating Procedures (SOPs):

Clearly described procedures for ordinary and emergency operations.

Black Box (Flight Data Recorder and Cockpit Voice Recorder):

Flight Data Recorder (FDR): 

Records technical flight statistics.

Cockpit Voice Recorder (CVR): 

Records cockpit conversations and sounds.

Maintenance and Inspections:

Regular Maintenance: 

Follow strict schedules to make sure the plane is in the most efficient circumstance.

Preventive Inspections: 

Identify and cope with capacity issues before they end up as safety hazards.

These safety capabilities are in conjunction to create a complete protection net for air travel, contributing to the overall safety record of the aviation enterprise. Continuous advancements in technology and changes in protection requirements further enhance the reliability and protection of modern-day planes. 

Problem with Boeing 737-

The main issue that led to stock points coming down to such a low was the incident with the Boeing 737 Max 9. The two crashes of airplane In 2018 and 2019 where one was the Indonesian Lion Air crash and other was the Ethiopian Airlines Where more than 300 people in a vehicle, raised questions about the safety features of the airplane, and complaints related to poor manufacturing led to pressure from safety departments bringing down the trust people had on the aircraft manufacturers. This pressure was seen in the company’s stock prices as it went through a roller coaster over the past few years. And this is also the reason behind the stock price crashing of Boeing to its all time low in the past year.