After the devastating Boeing 737 MAX-8 crash in Ethiopia this weekend, China has announced it will suspend the aircraft model in domestic flights until the FAA and Boeing can determine whether the aircraft was the reason for the crash or not.
China, Indonesia, and Ethiopia grounded their Boeing 737 MAX-8 fleets on Monday while investigators found the black box from a crash that killed 157 people in the second disaster involving that airplane model in six months.
The discovery of the black box with both the cockpit voice recorder and digital flight data, reported by Ethiopian state TV, should shed light on the cause of the crash. China on Monday also ordered its airlines to suspend operations of their 737 MAX-8 jets by 6 p.m. following the second crash of a Boeing 737 MAX jet since one run by Indonesia's Lion Air went down in October.
A senior U.S. official said it was too early to tell if there was any direct connection between the two accidents but assessing that was a priority for investigators. The pilot Yared Getachew, who was a joint Ethiopian-Kenyan national, had a"commendable record" and more than 8,000 hours of flying experience, Ethiopian Airlines said.
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Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures.
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