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Boeing's troubled 737 MAX jet was hit with new groundings in Singapore and Latin America on Tuesday, as the company struggled to contain the fallout from Sunday's deadly Ethiopian Airlines crash.Boeing shares fell more than 5% on Monday.
--- The Civil Aviation Authority of Singapore said it was "temporarily suspending operation of all variants of the Boeing 737 MAX aircraft.
--- Aeromexico said it was grounding its six jets "until more thorough information on the investigation".
--- Brazil's GOL Linhas Aéreas Inteligentes and Argentine carrier Aerolineas Argentinas took similar action.
--- China and Indonesia grounded the 737 MAX on Monday following the Ethiopian crash, which killed 157 people.
--- There are concerns over similarities to an October crash involving an Indonesian Lion Air 737 MAX 8.
Why This Matters
Usually, groundings would follow an instruction from the regulator in the country that certified the aircraft type. In this case, that is the US Federal Aviation Administration. But concerns about the safety of the 737 MAX has now led several national regulators to dispense with that convention.The FAA said on Monday it has no plans to ground the jet, despite those concerns.Boeing said on Monday it was in talks with regulators and airlines about concerns they may have. "We are taking every measure to fully understand all aspects of this accident, working closely with the investigating team and all regulatory authorities involved," the plane maker said.
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(END) Dow Jones Newswires
March 12, 2019 04:32 ET (08:32 GMT)
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