Engine failure brings more turbulence for Boeing
Boeing is facing more trouble after one of its 777 aircraft was forced to make an emergency landing when an engine burst into flames.


Only a few weeks after the 737 MAX jet was finally cleared to resume flying after an hiatus of almost two years, prompted by safety concerns, Boeing is facing another “public-relations nightmare”, says Alan Tovey in The Daily Telegraph. The latest incident comes after one of its Boeing 777 jets was forced to make an emergency landing when an engine burst into flames, leading to “debris being scattered far and wide on the ground”. Regulators have insisted that all 128 of the 777s with the type of engine that failed be temporarily grounded and inspected.
Don’t panic, says Jon Sindreu in The Wall Street Journal. While this is “more unwelcome publicity” for an “already battered US aerospace industry”, it isn’t “another 737 MAX debacle”. The problem is likely to affect “only a small subset of the global fleet”. Only 8.3% of Boeing 777s use the engine in question, which is made by Pratt & Whitney (part of Raytheon). And the affected 777s are the kind of “big, old jets” that airlines have kept in storage in the pandemic, with less than half of them in use.
While the latest problems are unlikely to prove a threat to Boeing’s survival, they are still a “distraction” at a time when the sector is being “crushed” by Covid-19, says Lauren Silva Laughlin on Breakingviews.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The problems underline how the attempt to copy General Electric’s focus on short-term financial performance has hampered its long-term prospects. The strategy drove its stock price to new highs under previous CEO Dennis Muilenburg, but these gains have since been wiped out.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.
He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.
Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.
As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.
Follow Matthew on Twitter: @DrMatthewPartri
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
-
Pierre-Édouard Stérin wants to make France great again
Conservative billionaire Pierre-Édouard Stérin is seeking to lead a political and spiritual renaissance across the Channel. The planning looks meticulous
-
Global investors have overlooked the top innovators in emerging markets
Opinion Carlos Hardenberg, portfolio manager, Mobius Investment Trust, highlights three emerging market stocks where he’d put his money
-
Pinewood Technologies: a drive for growth
Pinewood Technologies’ platform is one of the best in the business. Investors should buy in
-
'EV maker Faraday Future will crash'
Faraday Future Intelligent Electric is failing dismally to live up to its name, says Matthew Partridge
-
Investors should cheer the coming nuclear summer
The US and UK have agreed a groundbreaking deal on nuclear power, and the sector is seeing a surge in interest from around the world. Here's how you can profit
-
8 of the best houses for sale with follies
The best houses for sale with follies in the grounds – from a five-storey Victorian Gothic tower in Tonbridge, Kent, to a former mill in Oxfordshire with gardens that include a folly on an island in a lake
-
A tale of two Reits – why performance matters for valuation
AEW UK and Regional are two Reits that are valued very differently, despite a shared focus on properties outside London
-
Healthcare stocks look cheap, but tread carefully
Shares in healthcare companies could get a shot in the arm if uncertainty over policy in the US wanes, but are they worth the risk?