A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Ababa on Sunday, killing all 157 on board. China’s aviation regulator on Monday grounded nearly 100 Boeing 737 MAX 8 aircraft operated by its airlines after the crash. “We anticipate heightened volatility in Boeing shares,” Morgan Stanley analyst Rajeev Lalwani said. Boeing’s shares lost 12 percent in the weeks following the Lion Air crash last year, but have more than recouped those declines. The 737 MAX 8 uses LEAP-1B engines made by CFM International, a joint venture of General Electric Co and Safran SA.

Source: Standard Digital March 11, 2019 10:07 UTC