Reports came out several hours ago regarding a plane that had crashed in the Guangxi region of China. It was a Boeing 737 passenger plane and was carrying 132 people onboard. It is feared there are no survivors, but the number of casualties and reason for the crash are not yet known.

Concern for Boeing

Chinese airlines have a good record of safety. The last major incident was recorded over 12 years ago. Boeing did not immediately respond to a request for comment.

Over the next weeks, inquests into what caused the crash will take place. If it is found that there is a fault with the plane, the 737s could be grounded for a period of time which would hinder the Boeing shares further. The 737 Max has been grounded for more than three years following crashes in Indonesia and Ethiopia.

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