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Breaking: Boeing Reportedly Sees 737 Return in June-July; Shares Tumble

By Kim Khan

Investing.com - Boeing (NYSE:BA) shares sank quickly in afternoon trading Tuesday on a report that it does not expect its grounded 737 Max jet to be flying again until June at the earliest.

Boeing now sees regulatory approval for the 737 Max coming in June or July, months later than it originally thought, CNBC reported.

Shares oBoeing fell 4.6% in afternoon trading. That loss accounted for nearly 101 points of the 177 the Dow was down.

BA was already under pressure in early trading on reports it was in talks to secure a $10 billion loan to deal with costs of the grounding, which occurred after two fatal crashes.

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