News

China Grounds All Boeing 737 Max Aircrafts.

China asked domestic airlines to temporarily ground Boeing Co. 737 Max jets after a model operated by Ethiopian Airlines crashed on Sunday, Caijing reported, citing an unidentified industry participant.

Meanwhile, in Fiji, Fiji Airways has 2 Boeing 737 aircrafts however both are in safe operation.

Flight ET302 plunged to the ground minutes after leaving Addis Ababa en route to Nairobi, Kenya, killing all 157 people on board. It was the second deadly accident in five months for the U.S. manufacturer’s best-selling jet.

China Southern Airlines Co. has 16 of the aircraft, with another 34 on order, according to data through January on Boeing’s website. China Eastern Airlines Corp. has 13, while Air China Ltd. has 14, Boeing says. Other Chinese airlines to have bought the Max include Hainan Airlines Holdings Co. and Shandong Airlines Co., the data show.

A blanket grounding in one of the world’s biggest and influential travel markets is a further blow to Boeing’s reputation — and a potential threat to the Chicago-based planemaker’s finances. Chinese carriers account for about 20 percent of 737 Max deliveries worldwide through January, according to the company’s website.

Source: Bloomberg

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