U.S. joins other nations in grounding 737 MAX jets after second crash

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Ethiopia crash pilot had control problems, black boxes bound for Europe.

WASHINGTON - The United States on Wednesday joined Europe, China and other countries in grounding Boeing Co's 737 MAX jets, because of safety concerns after an Ethiopian Airlines plane crash that killed 157 people, the second disaster involving the 737 in less than five months.

Shares of the Seattle-based company ended up 0.5 percent at $377.14, recovering from a more than 3 percent fall in the afternoon when the FAA announcement was made. "This evidence, together with newly refined satellite data available to FAA this morning, led to this decision."Boeing, which maintained that its planes were safe to fly, said in a statement that it supported the move to temporarily ground 737 MAX flights.

The French announcement resolved uncertainty over the fate of the two recorders after Germany's BFU said it had declined a request to handle them because it could not process the new type of recorder used on the 737 MAX jets, in service since 2017.

 

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