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Australia and Singapore suspend Boeing 737 Max operations after crash  

Australia and Singapore have suspended operations of all Boeing 737 Max aircraft in and out of their airports, after Indonesia and China grounded their fleets of the US plane manufacturer’s latest model, which suffered a second fatal crash in less than five months on Sunday.

The scare has wiped billions of dollars off the market value of the world’s biggest planemaker, as the Boeing shares closed 5% down on Monday having fallen by as much as 13.5% at one point. Nearly 40% of the in-service fleet of 371 Boeing 737 Max jets globally have been grounded, according to industry publication Flightglobal, including 97 jets in the biggest market, China. Read more HERE.

Australia and Singapore have suspended operations of all Boeing 737 Max aircraft in and out of their airports, after Indonesia and China grounded their fleets of the US plane manufacturer’s latest model, which suffered a second fatal crash in less than five months on Sunday.

The scare has wiped billions of dollars off the market value of the world’s biggest planemaker, as the Boeing shares closed 5% down on Monday having fallen by as much as 13.5% at one point. Nearly 40% of the in-service fleet of 371 Boeing 737 Max jets globally have been grounded, according to industry publication Flightglobal, including 97 jets in the biggest market, China. Read more HERE.

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Published on 12/03/2019 @ 10h26   | |