Boeing Stock Falls as Trump Grounds 737 MAX

Boeing Stock Falls as Trump Grounds 737 MAX

Boeing Stock Falls as Trump Grounds 737 MAX

Even so, grounding the aircraft won't cripple air travel in Orlando or across the US, said aviation journalist Seth Kaplan. "Safety is a core value at Boeing for as long as we have been building airplanes; and it always will be".

"We need to wait and see what the outcome of the investigation will be", he added.

Southwest and American airlines, the main users of the 737 Max in the USA, have logged tens of thousands of safe flight hours with the planes, Goelz said.

The safety notice bars the flight of the 737 Max 8 and 9 models "into, out of, or across Canada", Mr. Garneau said at a press conference in Ottawa on Wednesday. Some said they were happy to be alive and others weren't anxious about it in the first place.

He says any plane now in the air will go to its destination and then be grounded.

USA -based aircraft-tracking firm Aireon provided the satellite data to the FAA, Transport Canada and several other authorities, company spokeswoman Jessie Hillenbrand said. "Today, immediately, the FAA needs to get these planes out of the sky", she said.

"It's a awful, bad thing".

"Boeing is an incredible company", Trump said.

Now, in the meantime, the U.S. and Canada have agreed to block the troubled jets' flights out of safety concerns.

American said it is also working to lessen the impact of the grounding. "We appreciate our customers' patience". "We very much worked in conjunction with Canada".

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The European Union Aviation Safety Agency, which has 32 member countries, China, the United Kingdom, and India grounded the plane earlier this week and, in most cases, barred it from entering their airspace.

Given the problems identifying them at the charred disaster site, Ethiopia Airlines said it would take at least five days to start handing remains to families. It automatically pushed the nose down, officials said, and pilots could not recover.

Aviation authorities in the USA have expressed continued confidence in the aircraft, despite mandating a software update following Sunday's crash.

The crash investigation is just getting started, and experts say it's too early to determine whether a software glitch, hardware failure, human error, intentional sabotage or other factors are at fault.

"This was a great loss for our country, so it is something that has really viscerally caught the attention of Canadians", Garneau said.

"But at the end of the day, these sorts of issues are usually resolved with the fact that they're still flying in the USA suggesting this will be the ultimate outcome", Raviv said in a note to clients.

The FAA also said Boeing will "update training requirements and flight crew manuals to go with the design change" to an automated protection system called the Maneuvering Characteristics Augmentation System or MCAS.

US President Donald Trump has bowed to pressure and joined the growing number of countries who have grounded all Boeing 737 Max-8 aircrafts.

Southwest is the world's largest operator of the 737 MAX 8 with 34 jets, while American flies 24 MAX 8s and United 14 MAX 9s.

"We fully support this decision and will continue to work with Transport Canada towards resolution of this situation as soon as possible", the Montreal-based airline said.

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