late on sunday the us national transportation safety board or ntsb confirmed the part had been found by a member of the public in his backyard in portland. i am excited to announce that we have found the door plug. thank you, bob. i will not give you bob s last name, but bob contacted us at witness@ntsb.gov with two photos of the door plug and said he found it in his back yard. it s the latest controversy to affect the boeing 737 max airliner, since it was launched back in 2015. 189 people died when a 737 max operated by indonesia s lion air, crashed into the java sea in october 2018 13 minutes after take off. then in march 2019 a 737 max operated by ethiopian air went down 6 minutes after take off from addis abbaba killing all 157 people on board. the jet was grounded worldwide for 20 months. a us investigation found boeing had failed in its design and development of the max. us aviation regulators were also criticised. our business correspondent, theo leggett, has b
emperor, one of the greatest players of all time stop tributes are flooding in for him at the moment. here s someone who has the unusual accolade of winning a cup as both player and manager. accolade of winning a cup as both playerand manager. news accolade of winning a cup as both player and manager. newsjust coming in that germany s franz beckenbauer, has died at the age of 78. we will bring you more on that and bring you more tributes as they come into us. for the momentjust bringing that sad news for you. let s get a quick look at the business news. we start with boeing shares in the us aircraft giant have sunk almost 9% wiping nearly $13 billion off its stock market value after the grounding of some of its 737 max planes on safety concerns. a door panel or plug on an alaskan airlines 737 max nine blew out mid flight over the us state of oregon on friday forcing the jet to make an emergency landing. there were no major injuries among the 177 people on board. late on sun
max which has suffered a serious problem. it is a new aircraft, so the idea that this might be lax maintenance is not really there at the moment. the ntsb says it is not focusing on design issues, which takes the focus really on to production and how the door was installed. now, that is stuff that has been done by boeing and by its supplier, spirit aerosystems, so it does look as though at some stage in that process there has been an error. the question, is that error on the part of boeing or on the part of its supplier? and either way, what does that do to the 737 max brand? and what extra regulatory interference in boeing s everyday operations going to come in? is there going to be more fao oversight? i think that is why we are seeing the share price of boeing dropping now, because don t forget, this company had to pay out some $20 billion in fines and compensation and so on after those two accidents. it can t really afford more problems with its flagship aircraft.
worse. ., , ., , it could have been a great deal worse. 1, , ., , .,, worse. the boeing brand, this was hue. it worse. the boeing brand, this was huge- it was worse. the boeing brand, this was huge. it was known worse. the boeing brand, this was huge. it was known for worse. the boeing brand, this was huge. it was known for its - worse. the boeing brand, this was huge. it was known for its safety l huge. it was known for its safety record. how much reputational damage have they suffered, and financially, what does that translate into? the roblem is what does that translate into? tue: problem is that what does that translate into? tte: problem is that the what does that translate into? tte: problem is that the 737 what does that translate into? tte: problem is that the 737 max is bowing s flagship aircraft. it is one of the bestselling aircraft of all time. its safety record has been badly tarnished by the two crashes in ethiopian and of indonesia. that aircraft had to go throug
and the ntsb has actually said as much. ok, the boeing brand, this was huge, it was known for its safety record. just how much reputational damage have they suffered, and financially, what has that translated to, theo? well, the problem is that the 737 max is boeing s flagship aircraft, it is one of the bestselling aircraft of all time, but its safety record has already been badly tarnished by the two crashes in ethiopia and off in indonesia that you mentioned earlier. now, that aircraft had to go through an entire recertification process, it was described by the head of the us regulator as the most scrutinised aircraft in history. boeing insist that it is a very safe aircraft, but the manufacturer has come underfire in the past for putting profit over safety, for trying to ramp up production as quickly as possible while allowing conditions in its factories and its quality control processes to become lax. boeing insists that it is a changed company now, that this is not the case. but n