(UPDATED) Singapore, Australia, China, Indonesia ground Boeing's 737 MAX 8 as concerns mount
Last edited Tue Mar 12, 2019, 03:35 PM - Edit history (8)
Source: Reuters
SINGAPORE (Reuters) - Singapore and Australia suspended operations of all Boeing 737 MAX aircraft in and out of their airports on Tuesday, and Indonesia and China grounded their fleets of the U.S. planemaker' s latest model after it suffered a second fatal crash in less than five months.
The scare has wiped billions of dollars off the market value of the world's biggest planemaker, as the Boeing Co share closed 5 percent down on Monday having fallen by as much as 13.5 percent at one point.
Nearly 40 percent of the in-service fleet of 371 Boeing 737 MAX jets globally is grounded, according to industry publication Flightglobal, including 97 jets in the biggest market, China.
Read more: https://www.reuters.com/article/us-ethiopia-airplane/singapore-australia-china-indonesia-ground-boeings-737-max-8-as-concerns-mount-idUSKBN1QT0P1
UPDATE Britain joins Boeing suspensions, investigators probe Ethiopia crash
ADDIS ABABA/PARIS (Reuters) - Britain joined a growing wave of suspensions of Boeing 737 MAX aircraft around the world on Tuesday, escalating the global alarm after a crash in Ethiopia that killed 157 people in the second such disaster for the model in the past few months.
The decision by one of the industry's most established regulators was the most serious setback yet for Boeing in the wake of Sunday's crash and put pressure on regulators in the rest of Europe and the United States to follow suit.
At the same time as London's announcement, Norwegian Air said it too would temporarily ground its MAX 8 passenger jets on the advice of European regulators.
Earlier, Singapore, Australia, Malaysia and Oman had also temporarily suspended the aircraft, following China, Indonesia and others the day before.
https://www.reuters.com/article/us-ethiopia-airplane/britain-joins-boeing-suspensions-investigators-probe-ethiopia-crash-idUSKBN1QT0P1
UPDATE: The EU has grounded the the 737 Max 8
So far Argentina, Australia, Brazil, China, Ethiopia, EU, Finland, Indonesia, Malaysia, Mexico, Norway, Oman, Singapore and South Korea have grounded the 737 Max 8, representing more than half of the in service fleet.
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