The tails of Boeing 737 MAX aircraft at a Boeing production facility in Renton, Washington. Photo: Reuters

Boeing shares fall for a second day as more countries ground 737 MAX 8 planes, knocking US$25 billion off market value

  • Stock dropped 7 per cent to US$374 in midday trading, adding to 5 per cent decline on previous day
  • Analysts covering the stock have made at least two downgrades and one price target cut in last two days
Topic |   Boeing

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The tails of Boeing 737 MAX aircraft at a Boeing production facility in Renton, Washington. Photo: Reuters
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An Air China Boeing 737 MAX 8 in Zhoushan. China operates the world’s largest contingent of the aircraft. Photo: AP

European Union grounds Boeing 737 MAX, as a growing cascade of nations follows China’s lead after deadly crashes

  • In addition to the EU, regulators and airlines in 23 countries have now halted flights by Boeing’s 737 MAX
  • The crisis of confidence was triggered when a brand new Ethiopian Airlines 737 MAX crashed on Sunday, killing all 157 people on board
Topic |   Aviation

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An Air China Boeing 737 MAX 8 in Zhoushan. China operates the world’s largest contingent of the aircraft. Photo: AP
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