China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on...
GARA-BOKKA, Ethiopia - China and Indonesia grounded their fleets of Boeing’s 737 MAX 8 aircraft on Monday as witnesses recalled the terrifying spectacle of smoke and debris trailing from an Ethiopian Airlines plane before it crashed killing 157 people.
“Cows that were grazing in the fields ran in panic ... There was smoke and sparks coming from the back of the plane.” The new MAX 8 variant, with bigger engines designed to use less fuel, entered service in 2017. By the end of January this year, Boeing had delivered 350 of the new jets to customers, with another 4,661 on order.The move, if maintained through normal trading hours, would be the biggest fall in Boeing’s stock in nearly two decades, halting a surge that has seen it triple in value in just over three years to a record high of $446 last week.
Indonesia, where a Lion Air 737 Max 8 went down in October, also said it would temporarily ground the model for inspection. The dead included aid workers, doctors, professors of literature and botany, a law student, a newly-wed woman, a father soon expecting a child, and a couple who just had a baby. The airplane was received in November 2018, had flown more than 1,200 hours, and returned from Johannesburg earlier on Sunday, Chief Executive Tewolde GebreMariam said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese carriers, Ethiopian Airlines suspend use of Boeing 737 MAX 8 aircraft after crashChina's aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX ...
Read more »
Chinese airlines reportedly ordered to temporarily halt use of Boeing 737 Max planes after crashChinese airlines will suspend the use of Boeing 737 Max airplanes on the orders of the country's industry regulator, Chinese media outlet Caijing reported on Monday, citing sources familiar with the matter.
Read more »
With Ethiopian Airlines crash, a second new Boeing 737 MAX 8 jet goes downA crash that killed at least 150 Sunday morning was the second incident in recent months involving a Boeing 737 MAX8. It comes as Boeing faces harsh scrutiny over the first crash the earlier one.
Read more »
Boeing shares fall after second deadly 737 MAX 8 crashShares of Boeing Co slid 9 percent in early trading on Monday as many airlines g...
Read more »
Boeing shares fall sharply after second deadly 737 MAX 8 crashShares of Boeing sank as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.
Read more »
China and Indonesia halt Boeing 737 MAX 8 after Ethiopia crashChina, Indonesia and Ethiopia grounded their Boeing Co 737 MAX 8 fleets on Monda...
Read more »
Boeing shares down 11 percent after second 737 MAX crashShares of Boeing Co slid 11 percent in early trading on Monday after China, Indo...
Read more »
Boeing shares dive as international carriers ground 737 MAX 8 after Ethiopia crashBoeing was already under intense scrutiny over another deadly plane crash involving the same 737 MAX 8 model.
Read more »
China suspends use of Boeing 737 MAX 8 aircraft after deadly crashBoeing stocks slump after deadly crash in Ethiopia leaves 157 dead and China grounds its fleet of Boeing 737 MAX 8 jets.
Read more »