Boeing under pressure: Boeing 737 MAX 8 planes parked near Boeing Co’s 737 assembly facility in Renton, Washington. Boeing stocks sank 8.6% to US$386 in early US trading yesterday marking the biggest drop since January 2016. — AP
BEIJING: Boeing Co chief executive officer Dennis Muilenburg faces his biggest crisis yet following the second deadly crash of a 737 Max airliner, prompting airlines to ground the best-selling narrow-body and threatening to end Boeing’s three-year stock rally.
China ordered its carriers to ground all 96 of Boeing’s newest 737 model, while Indonesia said it would also halt flights after Ethiopian Airlines Flight 302 went down in a field shortly after takeoff Sunday, killing all 157 people on board.
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