Boeing stock falls further as groundings grow — putting third of all 737 Max aircraft out of action
Boeing Co. suffered more groundings of its most important airliner as operators from Brazil to South Korea idled the 737 Max following a second deadly crash, throwing the U.S. manufacturer deeper into crisis.
In a sign that the tragedy in Ethiopia, which killed everyone on board, threatens to become a commercial fiasco for Boeing, launch customer Lion Air is said to be considering a complete switch to Airbus SE planes, a person familiar with the discussions said, with the carrier suspending further 737 Max deliveries this year.
While the flight-data and cockpit-voice recorders have been recovered from the crash site, little is know at this point about the final fateful moments of Ethiopian Airlines flight 302, which was en route from Addis Ababa to Nairobi in Kenya with 157 on board. Africa’s largest carrier took delivery of its first 737 Max at the end of June as part of an upgrade of its fleet, which also includes Boeing’s twin-aisle 787 Dreamliner and the larger 777 model.
“Speculating about the cause of the accident or discussing it without all the necessary facts is not appropriate and could compromise the integrity of the investigation,” Boeing chief executive Dennis Muilenburg said in a message to employees.
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