Asiana grounds Boeing 777 in U.S. due to engine oil leak ReutersReuters – 18 minutes ago
SEOUL (Reuters) - Asiana Airlines Inc on Wednesday said it grounded one of its Boeing 777 jets in Los Angeles when an engine started leaking oil, less than two weeks after one of the South Korean carrier's 777s crash landed in San Francisco.
The leak was found on Monday as the plane prepared for takeoff from Los Angeles International Airport bound for South Korea's Incheon airport, the airline said. The passenger jet underwent maintenance and passengers had to wait about 17 hours before they could fly on another plane.
What you are saying would be more a reason to sell GE and not BA. Besides, one plane grounded with an oil leak out of 1,113 flying is no cause to sell any shares, GE or BA. The 777 has been in production since 1995. That's 18 years. You sound like another sucker who shorted the stock and got screwed when it went back up.
Why the thumbs down? If I was still long Boeing, I'd certainly want to know about all the accumulating mishaps that could drive the price significantly lower. I know that if this drops back into the 70's, Id be buying again BIG TIME! I believe it will drop for 2 reasons:
One is the problems they have encountered.
The other is the Market seems ripe for a correction, which will take everything lower.
This is not a bad thing. It's the nature of capitalism. Ups and downs. This is what gives us the opportunity to make money by buying low and selling high. The worst thing in the world would be an idyllic scenario where nothing ever went down.