Boeing suspends its entire crash aircraft fleet

Mar 14, 2019, 2:36 AM EDT
(Source: Savvas Garozis/flickr)
(Source: Savvas Garozis/flickr)

American plane-maker Boeing has grounded its entire fleet of 737 MAX 8 aircraft, as serious safety concerns prompt scores of nations, including the U.S., China, Australia, and the U.K., to ban this model from their airspace in the wake of the fatal Ethiopian Airlines crash that killed 157 people on board.

After initial hesitation, the U.S. became the latest to join the growing list of countries banning the aircraft temporarily after the Federal Aviation Administration received new evidence and satellite data from the crash site, notes the BBC.

The Ethiopian Airlines crash on Sunday was the second accident within six months involving the MAX 8 model after a Lion Air flight met the same fate in October, resulting in the death of 189 people, reports Al Jazeera.

The twin disasters have prompted intense scrutiny of the plane’s control systems as well as hit Boeing’s stocks, which tanked by 13 percent since Sunday. The cost of grounding the entire fleet of MAX 8 for around three months could be between $1 billion and $5 billion, writes CNN.