Regulators have grounded the 737 MAX around the world, and the US plane maker has halted deliveries of the several thousand on order for a model intended to be the future industry workhorse. For airlines that over-ordered the 737 MAX, the grounding could provide an excuse to delay or cancel purchases, analysts said, though others are scrambling to adjust business plans that bet heavily on the fuel-efficient, longer-range jets. “There is clear similarity between our crash and the Lion Air crash.” Reuters was not able to reach Tewolde for comment. Boeing plans new softwareBoeing, the world’s biggest plane maker, has said the 737 MAX is safe, though it plans to roll out a software upgrade in coming weeks. With heightened global scrutiny, the head of Indonesia’s transport safety committee said a report into the Lion Air crash would be speeded up for release in July or August.

Source: Ethiopian News March 16, 2019 13:30 UTC