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| Australia grounds Boeing 737 MAX 8 fleet following second deadly crash | Australia grounds Boeing 737 MAX 8 fleet following second deadly crash |
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| The fallout from the second crash of Boeing’s newest 737 passenger jet has reached Australian shores as it becomes the latest country to ground the aircraft. | The fallout from the second crash of Boeing’s newest 737 passenger jet has reached Australian shores as it becomes the latest country to ground the aircraft. |
| Australian civil aviation authority has followed the similar move announced by China, Indonesia, the Cayman Islands, Ethiopia, Mongolia and Morocco earlier this week. | |
| On Tuesday, South Africa, Singapore and Vietnam also announced they are grounding the troubled aircraft. At the same time, India’s aviation regulator tightened norms governing the operation the jet. | |
| The measures come days after Boeing’s latest 737 flying from Ethiopia to Kenia crashed on Sunday, killing 157 people. | |
| The deadly crash occured less than five months after another brand new 737 MAX 8, belonging to Indonesian airline Lion Air, fell into the Java Sea just 13 minutes after takeoff from Jakarta, taking the lives of all 189 on board. | |
| Earlier this week, the US Federal Aviation Administration reaffirmed the airworthiness of the Boeing 737 MAX. At the same time, the agency said that, while “external reports are drawing similarities” between the accidents, which killed 346 people in total, it’s too early to judge if a common issue is to blame. | |
| US carriers continue to operate the aircraft despite the two recent crashes. | |
| American Airlines has not grounded the 24 jumbo jets in its fleet, saying it would await the investigation into the crash. | |
| Southwest, which operates 34 Boeing 737 MAX 8 aircraft, said it remains “confident in the safety of our fleet.” | |
| Shortly after the announcement, Boeing, the world’s largest aerospace group, pledged to upgrade the software on its 737 MAX 8 within weeks. The company has been reportedly working on “the flight control software enhancement” since the crash in Java Sea in October. | |
| The deadly crash along with the subsequent groundings across the world sent Boeing shares plummeting 12 percent on Monday, wiping out over $28 billion from the company’s market value. Boeing stock bounced back slightly but is still down by around 5 percent in pre-market trading on Tuesday. | |
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