The 737 Max - the fastest-selling airliner ever and the heart of Boeing's business - is now grounded worldwide
Aircraft maker could end up spending $500 mn on software rejig alone; another #2 bn could go towards delivery delays and reimbursements to airlines for flight disruptions
But the world doesn't have enough used or parked planes to replace more than 350 grounded Max jets, and airlines are likely to press Boeing for compensation
As it has become ubiquitous in cockpits, automation-related accidents have come to make up a significant proportion of all air disasters
Evidence of a major potential order for more than 100 jets worth well over $10 billion at list prices had risen in recent weeks as Washington and Beijing reported some progress in trade talks
Demand for older versions of 737s is set to increase after two fatal crashes in five months involving 737 Max 8 jets prompt regulators to bar the plane amid an investigation into the safety of the air
The 737 MAX is banned from flying in most countries across the world following an Ethiopian Airlines crash on Sunday that killed all 157 people on board
Kenya Airways is reviewing plans, could switch to bigger jets
The Boeing 737 Max 8 aircraft crashed six minutes after takeoff Sunday, killing all 157 people on board. The disaster is the second with a Max 8 plane in just five months
Despite Boeing's assurances that the plane is safe and reliable, EU, Britain and India joined China and other countries in either grounding the best-selling plane or banning it from their airspace
On Sunday, a 737 MAX 8 aircraft operated by Ethiopian Airlines crashed near Addis Ababa killing 157 people, including four Indians
On Sunday, a 737 MAX 8 aircraft operated by Ethiopian Airlines crashed near Addis Ababa killing 157 people, including four Indians
British travel operator TUI confirmed that all of its 737 Max 8 fleet has been grounded
At least 18 airlines have grounded their 737 MAX 8 planes. The Boeing website shows a list of more than 60 airlines that use the model. Ryanair, Air Europa, Air Canada, Qatar Airways are among them
The statement did express the company's condolences to the relatives of the 157 people who died, however.
One of the aircraft, operating as Ethiopian Airlines Flight ET302, crashed Sunday southeast of Addis Ababa shortly after takeoff, killing all 157 passengers and crew members aboard
Garg, 32, had given over six years to the issue of climate change and sustainable development being a consultant with the United Nations Development Programme and attached to the Environment Ministry
This is for the second time in less than five months that a Boeing 737 MAX 8 plane crashed. In October 2018, an aircraft operated by Lion Air crashed killing over 180 people in Indonesia
Four Indians, including a UN consultant attached with the Environment Ministry, were among the 157 people killed when a Nairobi-bound Ethiopian Airlines plane crashed after taking-off from Addis Ababa
An Ethiopian Airlines 737 MAX 8 bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board