Shares of Boeing Co slid 9 per cent in early trading on Monday as many airlines grounded the planemaker’s best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.
Ethiopian Airlines said it had grounded its 737 MAX 8 fleet until further notice as an “extra safety precaution” even though it did not know the cause of Sunday’s crash.
The Civil Aviation Administration of China ordered Chinese airlines to ground all Boeing 737 MAX 8 planes after the crash.
The CAA said it would contact the US Federal Aviation Administration and Boeing regarding the resumption of operations once they are assured that measures have been taken to ensure safety.
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