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03-13-2019, 06:02 AM
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Boeing’s 737 Max jet has now been grounded by these countries
Aviation regulators in the United Kingdom, Malaysia and Norway became the latest on Tuesday to ban Boeing Co.’s
BA, -6.58% 737 Max jets, joining Australia, Singapore and several countries in Latin America, according to reporting early Tuesday. The bans come after Sunday’s Ethiopian Airlines crash, which resulted in the deaths of 157 people near Addis Ababa. The moves come despite the U.S. Federal Aviation Administration’s continued vouching for the safety of the plane as American authorities, Boeing and Ethiopian investigators probe the crash. <a href="https://www.wsj.com/video/ethiopian-airlines-boeing-737-max-8-crash-three-things-to-know/DB03C770-106C-4E0B-A5FF-A2097949D9F3.html" target="_new" class="icon "/>Australia on Tuesday said that “in light of the two recent fatal accidents, the temporary suspension of Boeing 737 MAX aircraft operations was in the best interests of safety.†No Australian airline operates the plane, but two global carriers operate 737 Max planes in Australia, the country’s civil aviation regulator said. Malaysia said it would ban 737 Max flights from entering and leaving the country, and Singapore said it was banning all 737 Max jets, while the U.K.’s ban is specific to the 737 Max 8 jets. Statement: Boeing 737 MAX Aircraft.Norwegian Air said it would ground its Boeing 737 Max Fleet, according to reports: NORWEGIAN AIR CONFIRMS IT WILL GROUND ITS BOEING 737 MAX 8 FLEETFrance’s Aviation Authority said it would ban 737 Max jets from its airspace, while reports also indicated that Ireland and Iceland intended on banning that model aircraft. The groundings by foreign regulators, which typically follow FAA safety determinations for American-built jets, has idled about 40% of the 737 Max fleet around the world. Most of those are MAX 8s, the version involved in the Ethiopia crash. The recent slate of bans would likely result in more than a hundred 737 Max aircraft having been grounded. Bloomberg estimates that it is a third of the delivered feet. The Wall Street Journal has reported that Boeing has delivered more than 370 Max planes to 47 customers, including leasing firms that place the jets with airlines around the world. U.S. carriers, sticking by the FAA guidance. The Ethiopian crash came about four months after a Boeing 737 Max 8 crashed in Indonesia, fueling broader concerns about the safety of those aircraft. However, the specific cause, or causes, of the crashes hadn’t been determined. The FAA had said Monday it had no plan to ground the jet, but the slate of groundings may put pressure on the agency. “This investigation has just begun and to date we have not been provided data to draw any conclusions or take any actions,†the FAA said. Shares of Boeing were down 5.4% at the opening bell Tuesday, after booking a similar loss on Monday. Still, the aviation and defense giant’s stock, which is a component of the Dow Jones Industrial Average DJIA, -0.31% has risen about 19% in 2019, outperforming the broader market. The S&P 500 SPX, +0.37% for example, has gained 11% since the beginning of the year, while the Dow has climbed about 10% in the year’s first months. With reporting by the Wall Street Journal. Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here. </p> Source link More ??????? ??????: Boeing’s 737 Max jet has now been grounded by these countries || ??????: ahlam1399 || ??????: اسم منتداك
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