Boeing Struggles to Contain Crisis From Second 737 Max Crash
- Shares tumble amid questions over future of cash-cow aircraft
- China, Indonesia ground the jet after Ethiopian Air accident
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Boeing Co. and U.S. regulators grappled with a crisis of confidence in the 737 Max that moved with the speed of an Internet rumor after the second deadly crash of the model in five months.
Breaking precedent, regulators in China grounded the revamped narrow-body plane before an international team of investigators had a chance to review flight data and cockpit voice recorders recovered after a brand-new Ethiopian Airlines 737 Max 8 plunged into a hillside minutes after takeoff Sunday. The U.S. Federal Aviation Administration said Monday that the jet model remains airworthy.