Boeing 737 MAX 8 groundings spread across the globe
As the deadly plane crash in Ethiopia which killed 157 people continues to spiral, more countries have suspended the Boeing 737 MAX aircraft out of safety concerns.
Countries including Oman, Thailand, Kuwait, Egypt, Lebanon, Vietnam, EU nations, the UK, Australia, New Zealand, and India have all joined the suspension, after China, Indonesia and Singapore first reacted and issued the suspension on Monday. Finally, the U.S. and Canada joined the suspension on Wednesday.
Fifty-seven nations around the world have grounded Boeing 737 Max aircraft, and the list is expected to continue to grow since Boeing released an official statement on Wednesday recommending the Federal Aviation Administration (FAA) to temporarily suspend the operation of the entire global fleet of 371 737 MAX aircraft.
Boeing's shares fell 6.15 percent to 375.41 U.S. dollars on Tuesday, adding to a five percent decline on Monday and putting it on course for its biggest two-day percentage drop since June 2009.
Boeing, the world's biggest planemaker, which has seen billions of dollars wiped off its market value since the crash, said it understood the countries' actions but retained "full confidence" in the 737 MAX and had safety as its priority.