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Boeing’s Tenuous Recovery in China Shaken by 737 Jet Crash

  • Planemaker’s shares fall, extending stock decline in 2022
  • Consumers may avoid 737 jets until cause is known: analyst
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China Eastern Boeing 737-800NG Jet Crashes With More Than 130 on Board
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Boeing Co. faces a new crisis after a 737 jet fell out of the sky in China, renewing concerns about its best-selling family of planes and extending one of the most turbulent periods in the aviation titan’s century-long history.

The 737-800 aircraft operated by China Eastern Airlines Corp. nose-dived Monday into mountainous terrain with 132 people on board, prompting the carrier to ground its fleet of the workhorse jets. The model is part of the so-called “next generation” of 737s that have amassed a good safety record since they were introduced in the 1990s.