Boeing: Airlines Ground 737 Max 8 Jets After Latest Crash
Several airlines have grounded Boeing 737 Max 8 jets following a deadly Ethiopian Airlines crash.
The flight crashed minutes after takeoff on Sunday, killing all 157 people on board.
It was the second disaster in five months involving a Boeing 737 Max 8.
Aviation regulators in China and Indonesia have suspended flights using that model. Ethiopian Airlines and Cayman Airways, have also grounded their 737 Max 8 aircraft.
Boeing shares tumbled 13% in early trading on Wall Street.
While experts warn it is too early to say what caused the Ethiopian Airlines disaster, it comes after the same model crashed in a flight operated by Lion Air in October.
The plane lost altitude soon after takeoff, killing 189 people on board.
“Given that two accidents both involved newly delivered Boeing 737 Max 8 planes and happened during take-off phase, they have some degree of similarity,” the Civil Aviation Administration of China said in a statement.