Skip to main content

Why Jim Cramer Still Trusts Boeing

Publish date:
Video Duration:

Jim Cramer said Tuesday that he still trusts Boeing (BA) - Get Free Report despite the uncertainty around the aerospace companies 737 MAX 8 jet. 

There have been two Boeing 737 MAX 8 crashes in the past year: the Lion Air crash in Indonesia back in October and the Ethiopian Airlines crash over the past weekend. 

There were no survivors in either crash.

The United Kingdom, China, Singapore, Australia, Indonesia have all grounded the jets. 

"The UK Civil Aviation Authority has been closely monitoring the situation, however, as we do not currently have sufficient information from the flight data recorder we have, as a precautionary measure, issued instructions to stop any commercial passenger flights from any operator arriving, departing or overflying UK airspace," the CAA said Tuesday.

The FAA issued an extended safety warning -- known as a "continued airworthiness notification"-- to international operators of the MAX 8 late Monday, with U.S. Transportation Secretary Elaine Chao adding that if it "identifies an issue that affects safety" it will "take immediate and appropriate" action.

Related. Positive Breadth Helps Momentum Continue Despite Boeing's Woes

Will You Have Enough Money Retire? Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.

Related Videos