BA - Boeing Stock Takes Off After US Aviation Bill Passes But Possible Turbulence Ahead With Legal Uncertainties | Benzinga
Boeing Co (NYSE:BA) is facing a mix of regulatory changes, potential legal challenges and technical indicators that suggest a cautious outlook. Here’s a closer look at the recent developments and what they mean for Boeing stock investors.
Aviation Bill Boosts Boeing Stock
The U.S. House of Representatives passed a comprehensive aviation bill aimed at improving air traffic controller staffing, enhancing runway safety and expediting refunds for canceled flights. This $105 billion, five-year measure, which passed with a 387-26 vote, now awaits President Joe Biden‘s signature.
The legislative push underscored the growing urgency to bolster aviation safety following a series of near-miss incidents and a mid-air emergency involving an Alaska Airlines Boeing 737 MAX 9.
A significant component of the bill is the provision allowing Boeing to continue producing its 767 freighter until 2033, despite new efficiency rules set to take effect in 2028. This exemption provided ...