Boeing crisis grows as Europeans join nations blocking 737 Max jets

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Scare wipes billions of dollars off Boeing’s market value

People stand near collected debris at the crash site of Ethiopia Airlines near Bishoftu, Ethiopia, on March 11 2019. Picture: AFP/MICHAEL TEWELDEBritain, France and Germany joined a growing list of countries to ban Boeing 737 MAX planes from their airspace on Tuesday as airlines around the world grounded the jets following a second deadly accident in just five months.

A day after US regulators stood by the plane’s airworthiness, governments, airlines and aviation authorities in Britain, France, Ireland, Germany, Belgium and Norway joined South America and Asia on Tuesday opting for a zero-risk approach. Earlier, Australia followed Singapore in temporarily barring the 737 Max from its airspace, meaning the newest version of Boeing’s best-selling model is now blocked from a key long-distance travel destination as well as Changi, Asia’s second-busiest international airport and a popular transit hub.

Source: News Formal (newsformal.com)

 

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