03-11-2019, 11:35 PM
First of all, virtually no fatal failures for a decade is not true. Excluding these two recent ones, we still have many many cases where accidents have resulted in fatalities. Just from the wikipedia list I can find 3 other fatal accidents related to malfunctions in 2018 alone. All of them Boeing actually. These things happen. There are fatal accidents pretty much every year, sometimes it's the plane, sometimes the pilot, sometimes both. Right now, we don't even know what happened with this most recent one.
As for number 4. Actually I believe you are more or less right, it is often these dodgy airlines that have these accidents. With Lion air there had been maintenance issues. Having flown this Air Ethiopia thing before, I can attest to the fact that it is the absolutely worst airline I've used ever in my life. And I fly a lot.
In general the quality of personnel, both the engineers keeping the planes in good conditions and the pilots flying them, is poor in some of these countries when compared with western standards. Now whether or not these things contributed to the latest crash, who knows. But I certainly wouldn't rule it out.
Investment point of view... I wouldn't touch Boeing right now. Not because of these two crashes but due to the fact that even after yesterday's decline the stock price is still way too high. It went down to $300 in December and now it's still at over $400 after yesterday's drop.
As for number 4. Actually I believe you are more or less right, it is often these dodgy airlines that have these accidents. With Lion air there had been maintenance issues. Having flown this Air Ethiopia thing before, I can attest to the fact that it is the absolutely worst airline I've used ever in my life. And I fly a lot.
In general the quality of personnel, both the engineers keeping the planes in good conditions and the pilots flying them, is poor in some of these countries when compared with western standards. Now whether or not these things contributed to the latest crash, who knows. But I certainly wouldn't rule it out.
Investment point of view... I wouldn't touch Boeing right now. Not because of these two crashes but due to the fact that even after yesterday's decline the stock price is still way too high. It went down to $300 in December and now it's still at over $400 after yesterday's drop.