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Jim Cramer Says Buy Boeing 'Right Now'

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What's going on with Boeing  (BA) - Get Boeing Company Report?

The Federal Aviation Administration issued an emergency airworthiness directive that is requiring "immediate or stepped-up inspections" of Boeing 777 airplanes that are equipped with Pratt & Whitney PW4000 engines following the engine failure of a 777 operated by United Airlines over the weekend.

"This will likely mean that some airplanes will be removed from service," said FAA Administrator Steve Dickson in a statement. "Based on the initial information, we concluded that the inspection interval should be stepped up for the hollow fan blades that are unique to this model of engine, used solely on Boeing 777 airplanes."

United said that it's voluntarily halting the operations of 24 of its planes to allow the FAA to inspect the engines.

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