The civil aviation minister of India said that The Boeing Company (NYSE:BA) has pledged to sign an agreement to compensate for the losses incurred by Air India Ltd because it had to stop flying its 787 Dreamliner jets.
Ajit Singh said that the indian company has held some preliminary discussions with Boeing on this issue. The notable aerospace giant did not declare the amount of the compensation that was being negotiated.
Japan Airlines Company and Nippon Airways Company both immediately grounded the flights after battery malfunctions on two of the planes. Air India was the eight company to ground the jets on global scenario following the incident.
The indian aerospace company plans to resume the Dreamliner planes flight on domestic routes from the middle of this month. Nearly six of Boeing’s 787 Dreamliners were grounded by Air India after an on board battery incident was reported in Japan.
The Boeing Company (NYSE:BA) in current session advances 1.30% and currently trading at $93.34 with the average traded volume of 4.62 million shares.
BA stock price saw week’s volatility of 1.48% and month’s volatility is 1.76%, while the stock price of the company is moving up from its 20 days moving average with 4.73% and isolated positively from 50 days moving average with 9.75%.
Looking at Analytic Ratios; the price to sales ratio of BA in past twelve months was calculated as 0.86 and price to cash ratio as 5.90. Company return on equity ratio is recorded as 65.29% and its return on assets is 4.79%, and return on investment is 9.79%.