Singapore, Australia, China, Indonesia ground Boeing's 737 MAX 8 as concerns mount

[TomSea]

Singapore, Australia, China, Indonesia ground Boeing's 737 MAX 8 as concerns mount
Jamie Freed, Aradhana Aravindan

SINGAPORE (Reuters) - Singapore and Australia suspended operations of all Boeing 737 MAX aircraft in and out of their airports on Tuesday, and Indonesia and China grounded their fleets of the U.S. planemaker’ s latest model after it suffered a second fatal crash in less than five months.

The scare has wiped billions of dollars off the market value of the world’s biggest planemaker, as the Boeing Co share closed 5 percent down on Monday having fallen by as much as 13.5 percent at one point.

Nearly 40 percent of the in-service fleet of 371 Boeing 737 MAX jets globally is grounded, according to industry publication Flightglobal, including 97 jets in the biggest market, China.

Read more at: https://www.upi.com/Top_News/US/2019/03/12/Pompeo-US-to-withdraw-all-remaining-embassy-personnel-From-Venezuela/8361552370220/