Boeing Faces Cascading Crisis as Planes Grounded, Orders Halted Amid Safety Questions
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A Boeing 777 bound for San Francisco was forced to land after fuel leaked from its landing gear shortly after takeoff in Sydney. This is the 5th Boeing plane incident in 7 days.
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On the same day, 50 people were injured when a Boeing 787 flying from Sydney to Auckland experienced violent shaking that sent a passenger into the ceiling.
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Boeing has lost over $4 billion in value over the past 2 days as shares plunged over 4% to a 5-month low following the incidents.
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A former Boeing quality manager and whistleblower was found dead in an apparent suicide over the weekend amid depositions for his retaliation lawsuit against Boeing.
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The incidents have led airlines like United to halt orders of certain Boeing planes due to delays and lack of confidence, showing diminishing trust in the manufacturer.