Boeing is hit by $3BILLION Wall Street sell-off as aviation giant's value ... trends now Share prices for the aviation giant dropped by more than 3 percent on Tuesday Southwest Airlines also dipped after the company said it would limit its capacity plans and reevaluate financial forecasts for this year Boeing's price plunge also comes after former employee and whistleblower John Barnett, 62, was found dead in South Carolina on Saturday By Germania Rodriguez Poleo For Dailymail.Com Published: 13:40 GMT, 12 March 2024 | Updated: 14:28 GMT, 12 March 2024 Viewcomments Boeing shares have plunged by a whopping $3billion after news of a whistleblower's alleged suicide over the weekend. Share prices for the aviation giant dropped by more than 3 percent on Tuesday morning, following weeks of scandals involving the company. Shares for Southwest Airlines also dipped, by 13 percent, after the company said it would limit its capacity plans and reevaluate financial forecasts for this year. Southwest said on Tuesday that Boeing informed them they would deliver 46 Boeing 737 Max 8 planes this year, down from the original planned 58. The airline industry has cut expectations for deliveries this year due to Boeing's problems, complicating their efforts to meet record travel demand. Moreover on Monday it emerged that an audit by the Federal Aviation Administration found Boeing failed 33 of the 89 product audits conducted. Boeing's price plunge also comes after former employee and whistleblower John Barnett, 62, was found dead in South Carolina, where he had been discussing a retaliation suit with Boeing attorneys. Share prices for the aviation giant dropped by more than 3 percent on Tuesday morning The suit alleged under-pressure workers were deliberately fitting 'sub-standard' parts to Boeing 787s, and that brass were sweeping defects under the rug to save money. The first months of the year have been full of scandals involving Boeing, including several terrifying near-tragedies on air, beginning with the Alaska Air January incident that saw a panel blow off mid-flight. On Thursday, a wheel fell off a Boeing 777-200 shortly after takeoff in San Francisco. The 256lb wheel fell from a United Airlines plane shortly after take-off and crushed cars parked below after it plummeted to the ground. On Monday, just days before the wheel incident, a 737 engine caught fire mid-flight. The terrifying incident took place just minutes into a United Airlines flight bound for Fort Myers, Florida. Video taken from a passenger window shows white-hot flashes streaming out of the 737's jet engine. In January, an Alaska Airlines flight suffered a near-catastrophe as a plane door blew out at 16,000ft over Portland Boeing CEO Dave Calhoun speaks with reports at the Capitol in January after MAX 9 planes were grounded follwing the door incident. The company is now under criminal investigation Earlier this week, the head of the National Transportation Safety Board accused Boeing of failing to provide some key records sought in its ongoing investigation into the Alaska Air mid-air cabin door emergency. NTSB Chair Jennifer Homendy said investigators have sought the names of the 25 people who work on door plugs at a Boeing facility in Renton, Washington, but have not received them from Boeing. 'It is absurd that two months later we don't have it,' Homendy said at a Senate Commerce Committee hearing on Wednesday. Boeing insisted that it had initially provided the NTSB with some of the names of Boeing employees, including door specialists it believed would have relevant information. Senator Ted Cruz, the top Republican on the Commerce Committee, called it 'utterly unacceptable' that the NTSB was not receiving full cooperation from Boeing. Homendy also confirmed that the MAX 9 door plug had moved during prior flights, citing markings on the door. Share or comment on this article: Boeing is hit by $3BILLION Wall Street sell-off as aviation giant's value plunges overnight after 'suicide' of whistleblower All rights reserved for this news site (dailymail) and under his responsibility