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Singapore bans use of Boeing 737 MAX in its airspace

13 Mars, 2019, 14:08 | Auteur: Anatole Charbonneau
  • Singapore bans use of Boeing 737 MAX in its airspace

A number of countries grounded Boeing's 737 MAX 8 medium-haul workhorse jet on Monday in response to an Ethiopian Airlines crash that killed all 157 people on board.

Ethiopian Airlines flight 302, a Boeing 737 MAX 8, departing Bole Airport in Addis Ababa for Nairobi, went off radar six minutes after taking off on March 10, at 8.39am local time and crashed, killing all 149 passengers and eight crew.

Lion Air is also in talks with the plane maker about the shipping schedule, director Daniel Putut said at an event in Jakarta Tuesday.

After the headline news, authorities in China, Indonesia and Ethiopian Airlines have announced to ground the 737 Max 8 aircraft.

China is a hugely important market for the USA aircraft company, accounting for about one-fifth of worldwide deliveries of Boeing 737 MAX models. The type is a key part of Boeing's effort to compete with rival Airbus.

Dozens of airlines now have one of Boeing's 737 Max jets in their fleets. "Ethiopian Airlines has chose to ground all B-737-8 MAX fleet... until further notice", the state-owned carrier said.

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Boeing stock sank more than 6.6 percent to 394.50 USA dollars per pieces around midday, after plunging as much as 13 percent for the biggest intraday decline since September 17, 2001, leading the laggards in the Dow.

Caribbean Airlines Limited (CAL), which late past year inked a deal to buy several Boeing 737 MAX-8 planes - the same model used by the Ethiopian Airlines that crashed and killed 157 persons aboard - on Monday said it would abide by strict safety measures before adding new aircraft to its fleet.

Shares of American Airlines decreased about 1 percent shortly after Monday's opening bell.

United Continental stock was down 0.5 percent around midday.

Cayman Airways said it would suspend flights for its two 737 MAX 8 planes "until more information is received", CEO Fabian Whorms said.

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