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Boeing 737 Max Live Updates: Aviation ministry meeting begins; aircraft grounded by airlines around the world

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Boeing 737 Max Live Updates: Aviation ministry meeting begins; aircraft grounded by airlines around the world

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Many countries around the world have grounded or banned in their airspace Boeing’s 737 Max 8 aircraft, which was involved in the Ethiopian Airlines crash on Sunday, killing 157 people on board. Indian aviation regulator DGCA on Tuesday banned the use of Boeing 737 MAX 8 aircraft by the country's airline companies, joining the European Union, Asian and Middle Eastern government and carriers, which also raised safety concerns in the aftermath of the Ethiopia crash. The company said it has "full confidence in the safety" of it 737 MAX jets. Here are all the latest updates and development on Boeing 737 Max 8 aircraft matter:

Boeing 737 Max Live Updates: Aviation ministry meeting begins; aircraft grounded by airlines around the world
  • Norwegian Air Shuttle demands Boeing pay for grounding of 737 MAX planes ## Norwegian Air Shuttle demands Boeing pay for grounding of 737 MAX planes

    Low-cost airline Norwegian Air Shuttle, which has grounded its 18 Boeing 737 MAX 8 aircraft pending an investigation into the cause of a crash in Ethiopia, said Wednesday it will demand financial compensation from Boeing.
      Norwegian, whose finances are currently under pressure, cancelled 19 flights on Wednesday, the day after it decided to ground all flights with the Boeing 737 MAX 8, the same model that crashed in Ethiopia on Sunday killing all 157 passengers and crew.
    "We're going to send the invoice to those who built the plane," a spokesman for the company, Lasse Sandaker-Nielsen, told AFP in an email.

  • All 737 Max 8 planes in India grounded ## All 737 Max 8 planes in India grounded

    All Boeing 737 Max 8 aircraft being operated by Indian airlines have been grounded, Civil Aviation Secretary P S Kharola said here on Wednesday.
    Thursday will be a "challenging" day, he told reporters.

    Lifting the ban on the aircraft will be based on inputs from various agencies and it will not happen soon, Directorate General of Civil Aviation (DGCA) chief B S Bhullar said.

    The DGCA announced its decision to ground the aircraft on Tuesday night.
    SpiceJet has 12 such aircraft in its fleet and Jet Airways has five, which have already been grounded.

  • Lebanon closes airspace to Boeing 737 MAX ## Lebanon closes airspace to Boeing 737 MAX

    Lebanon's civil aviation authority said on Wednesday it has banned Boeing 737 MAX passenger jets from the country's airspace after a deadly plane crash in Ethiopia at the weekend.
      The authority also barred the aircraft from taking off and landing in Lebanon, according to a statement carried by the official National News Agency.
    On Sunday, a new Ethiopian Airlines 737 MAX 8 went down minutes into a flight from Addis Ababa to Nairobi, killing all 157 people on board.

  • Greece closes airspace to Boeing 737 MAX ## Greece closes airspace to Boeing 737 MAX

    Greece's civil aviation agency on Wednesday said it had closed its airspace to Boeing 737 MAX aircraft after the Ethiopian Airlines crash that killed 157 people over the weekend.
      "All airports have been ordered to ban flights of the specific model in Greek airspace as of yesterday afternoon," civil aviation agency head Constantinos Lintzerakos told state news agency ANA.
    The EU aviation safety agency announced a ban on Tuesday, as this is the second fatal crash of the model in five months. 

  • Black box from Ethiopian Airlines plane will be sent overseas for analysis##Black box from Ethiopian Airlines plane will be sent overseas for analysis

    The black box from the Ethiopian Airlines plane that crashed on Sunday will be sent overseas for analysis, an Ethiopian Airlines spokesman said on Wednesday. "There is no capacity here so the black box will be sent elsewhere for analysis. The investigation team will decide where," the spokesman said by phone. (Reuters)

  • Now, only 10 airlines are flying Boeing 737 MAX; over 65% of global fleet grounded
    A total of 127 Boeing 737 MAX planes are active in the world with over 55 percent or 72 of these originating from the United States.Get latest Aviation online at cnbctv18.com
    Boeing 737 Max Live Updates: Aviation ministry meeting begins; aircraft grounded by airlines around the world
  • Boeing lost $25 billion in market cap as shares slumped after 737 Max 8 aircraft crash##Boeing lost $25 billion in market cap as shares slumped after 737 Max 8 aircraft crash

    Boeing Co's stock took another beating on Tuesday as a raft of countries grounded its 737 MAX 8 aircraft, responding to a deadly crash in Ethiopia which has so far knocked $25 billion off the market value of the world's largest planemaker.

    The shares fell nearly 8 percent to $368.88 in mid-day trade, adding to a 5 percent decline on Monday and putting it on course for its biggest two-day percentage drop since June 2009.

    Boeing shares have delivered a total return - including reinvested dividends - of nearly four times the performance of the full index since U.S. stocks began rebounding from the 2007-09 financial crisis.

    At least seven of the 24 analysts covering the stock have reviewed their ratings over the last two days, with two downgrades and one price target cut so far, according to Refinitiv data.

  • Civil aviation ministry says Boeing 737 Max banned from Indian airspace beginning 4 PM##Civil aviation ministry says Boeing 737 Max banned from Indian airspace beginning 4 PM

  • Kazakhstan, New Zealand, UAE and Fiji suspend Boeing 737 Max 8 aircraft from entering airspace##Kazakhstan, New Zealand, UAE and Fiji suspend Boeing 737 Max 8 aircraft from entering airspace

    Kazakhstan's civil aviation committee suspended Boeing 737 Max flights starting from Wednesday, it said in a statement, following two fatal crashes involving the aircraft in Indonesia and Ethiopia. The committee said only one such jet was registered in the Central Asian nation, belonging to privately-owned Scat airline.

    New Zealand and Fiji have suspended Boeing 737 Max 8 flights in and out of the two countries following the crash of an Ethiopian Airlines jetliner. The decisions affect only one operator, Fiji Airways. No New Zealand airlines use the Max 8 planes.

    The United Arab Emirates, a key international travel hub, has barred the Boeing 737 Max 8 and 9 from its airspace following the crash of a similar jetliner in Ethiopia.

  • Pilots have reported issues in US with new Boeing jet##Pilots have reported issues in US with new Boeing jet

    Airline pilots on at least two U.S. flights have reported that an automated system seemed to cause their Boeing 737 Max planes to tilt down suddenly. The pilots said that soon after engaging the autopilot on Boeing 737 Max 8 planes, the nose tilted down sharply. In both cases, they recovered quickly after disconnecting the autopilot.

    As described by the pilots, however, the problem did not appear related to a new automated anti-stall system that is suspected of contributing to a deadly October crash in Indonesia.

    In one report, an airline captain said that immediately after putting the plane on autopilot, the co-pilot called out "Descending," followed by an audio cockpit warning, "Don't sink, don't sink!"

    On another flight, the co-pilot said that seconds after engaging the autopilot, the nose pitched downward and the plane began descending at 1,200 to 1,500 feet (365 to 460 meters) per minute. As in the other flight, the plane's low-altitude-warning system issued an audio warning. The captain disconnected autopilot, and the plane began to climb. (AP)

  • Key things about Boeing 737 Max##Key things about Boeing 737 Max

    1) The 737 Max is the newest version of the 737 and it is the best-selling airliner ever.
    2) Since debuting in 2017, Boeing has delivered more than 350 of them in several versions that vary by size.
    3) Boeing has taken more than 5,000 orders for the various Max versions, and they constitute the largest share of the company's backlog of nearly 5,900 planes.
    4) Boeing Co delivered 95 planes during January and February, two higher than a year earlier, with its best-selling 737 MAX jets accounting for nearly half of the deliveries.
    5) They carry list prices from $100 million to $135 million, although airlines routinely get deep discounts.
    6) The plane suffered its first fatal accident in October, when a 737 Max 8 operated by Lion Air plunged into the Java Sea, killing 189 people.
    7) The second deadly crash for a Max 8 happened on Sunday in Ethiopia, which killed all 157 people on board.

  • Boeing 737 MAX 8 aircraft by country##Boeing 737 MAX 8 aircraft by country

    Boeing 737 Max Live Updates: Aviation ministry meeting begins; aircraft grounded by airlines around the world
  • SpiceJet cancelled 14 flights today in wake of Boeing 737 Max aircraft grounding##SpiceJet cancelled 14 flights today in wake of Boeing 737 Max aircraft grounding

  • Is Boeing 737 MAX 8 safe for flying? Here's what experts have to say##Is Boeing 737 MAX 8 safe for flying? Here's what experts have to say

  • Civil aviation ministry calls meeting at 4pm with airlines for contingency plan##Civil aviation ministry calls meeting at 4pm with airlines for contingency plan

    The Civil Aviation Ministry will hold a meeting with airlines at 4 pm on Wednesday to prepare a contingency plan as a number of flights have been cancelled following the grounding of Boeing 737 Max 8 aircraft, a senior government official said. On Tuesday night, the Directorate General of Civil Aviation (DGCA) announced its decision to "immediately" ground the Boeing 737 Max 8 aircraft that are currently being used by airline companies in India. "We will ground all 737 Max 8 aircraft, which are currently in use by Indian airlines, by 4 pm today," a DGCA official told PTI on Wednesday morning. (PTI)

  • US will not suspend Boeing 737 MAX planes##US will not suspend Boeing 737 MAX planes

    The US aviation regulator said on Tuesday it would not ground Boeing Co 737 MAX planes. US officials said the devices suffered some damage but they were confident of some initial results within 24 hours of the data being downloaded. The FAA's acting administrator, Dan Elwell, said its review had shown "no systemic performance issues and provides no basis to order grounding the aircraft".

    Elwell said no foreign civil aviation authorities had provided data that would warrant action. If any safety issues were identified during an urgent review of the Ethiopian Airlines crash, the FAA would "take immediate and appropriate action," he said. Read more (Reuters)

  • SpiceJet decides to suspend Boeing 737 Max planes, shares down 8 percent##SpiceJet decides to suspend Boeing 737 Max planes, shares down 8 percent

    SpiceJet shares fell over 8 percent on Wednesday after the airline said it has suspended all Boeing 737 Max 8 operations following an order from aviation regulator Directorate General of Civil Aviation (DGCA). SpiceJet shares dived as much as 7.9 percent to Rs 72.50 per share in early trade on the BSE. At 9.32 AM, the stock was trading at Rs 75.10 per share, down 4.70 percent from its previous close. The benchmark Sensex index was down 0.14 percent at 37,484.68.

  • India bans Boeing 737 MAX 8 aircraft, all planes would be grounded in India by 4 pm##India bans Boeing 737 MAX 8 aircraft, all planes would be grounded by 4 pm

    India on Tuesday banned the use of Boeing 737 MAX 8 aircraft by the country's airline companies following a deadly crash in Ethiopia involving the US passenger jet. "DGCA has taken the decision to ground the Boeing 737-MAX planes immediately. These planes will be grounded till appropriate modifications and safety measures are undertaken to ensure their safe operations," the ministry of civil aviation said in a tweet.

    All Boeing 737 Max 8 aircraft would be grounded in India by 4 pm on Wednesday, said a senior official of Indian aviation watchdog DGCA. "We will ground all Boeing 737 Max 8 aircraft, which are currently in use by Indian airlines, by 4 pm today," the DGCA official told PTI on Wednesday morning.
    SpiceJet has around 12 such aircraft in its fleet. Jet Airways has five, which have been grounded already. Read more (PTI)

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