On March 10, a Boeing 737 Max 8 plane operated by Ethiopian Airlines crashed soon after taking off from Addis Ababa, Ethiopia, at around 8:30 a.m., killing all 157 people on board. In October 2018, a Lion Air-operated 737 Max 8 crashed into the Java Sea just minutes after taking off from the Indonesian capital of Jakarta. © REUTERS / Lindsey Wasson Boeing Takes $1Bln Hit Amid Grounding of 737 MAX Planes – CFOAccording to Keen, the 737 Max is the likely product of Boeing competing with European multinational aerospace corporation Airbus. Multiple reports speculate that Boeing rushed to market the 737 Max in an attempt to beat out its rival. In an effort to use larger, fuel-efficient engines, like Airbus, Boeing engineers realized that the older model 737-800 needed engineering changes.

Source: Ethiopian News April 30, 2019 00:56 UTC