Why Jim Cramer Thinks that the Worst Might Not Be Over for Boeing

Credit: The Street
Published on June 3, 2019 - Duration: 01:34s

Why Jim Cramer Thinks that the Worst Might Not Be Over for Boeing

Boeing's back.

But maybe not in the way that investors would like.

The Federal Aviation Agency on Sunday that the slats on the wings on both current 737 MAX jets and the plane's earlier version, which assist in takeoff and landing, "may be susceptible to premature failure or cracks resulting from the improper manufacturing process." Boeing said that the slats could be replaced within one or two days once alternate parts are received from suppliers, and identified around 20 737 MAX airplanes as needing immediate replacement.

Around 159 more, Boeing said, will need to be checked "to ensure a thorough assessment." When asked about the Boeing headlines, Cramer responded that he is worried about the possibility that the Department of Justice will look into investigating Boeing after the 737 Max crashes, especially following the possible antitrust investigation that the DOJ might launch on Google.

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