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Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash

Firstpost Friday, 15 March 2019 ()
By Richard Lough and Aaron Maasho PARIS/ADDIS ABABA (Reuters) - The grounding of Boeing's 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday. Ethiopian Airlines Flight 302 crashed soon after take-off from Addis Ababa last weekend, killing 157 people, the second such calamity involving Boeing's flagship new model after a jet came down off Indonesia in October with 189 people on board. Investigators in France on Friday examined the black boxes of the jet that crashed in Ethiopia as the global airline industry waited to see if the cause was similar to a disaster in Indonesia months before
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News video: U.S. Joins Other Nations In Grounding 737 MAX Jets After Second Crash

▶ U.S. Joins Other Nations In Grounding 737 MAX Jets After Second Crash 00:31

According to Reuters, the United States on Wednesday grounded Boeing Co’s 737 MAX jets, citing new satellite data and evidence from the scene of Sunday’s crash of an Ethiopian Airlines plane that killed 157 people. It was the second time the U.S. Federal Aviation Administration has halted flights...

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