Multiple countries and operators opted to ground Boeing 737 MAX fleets until investigation into Ethiopian Airlines crash provides answers whether these planes are safe. In light of these events, only a third of global MAX fleet remains operational.
The authority still refrains from providing accident causes, the update does reveal that the aircraft, it appears, entered turbulence shortly before the crash.
Boeing 737 MAX groundings cost airlines over $10 million daily. But for Boeing the impact could be much worse. “The role of Boeing in the duopoly of commercial narrow body aircraft is at stake,” writes Diogenis Papiomytis from Frost & Sullivan.
