Boeing's stock fell 11 percent in early trading Monday after its top-selling 737 MAX 8 plane was involved in a second deadly crash. Ethiopia, China and Indonesia grounded all Boeing 737 Max 8 planes after the Ethiopian Airlines crash on Sunday that killed all 157 people on board. The 737 MAX -- which includes three other models other than the MAX 8 -- is Boeing's fastest-selling airplane, the company said last month. Ethiopian Airlines crash: 8 Americans among 157 killedWhile there was no immediate indication why the Ethiopian Airlines plane went down in clear weather while on a flight to Nairobi, the crash was strikingly similar to last year's Lion Air jet crash, which killed 189 people when it went down in the sea off Indonesia. The 737 MAX represent about two-thirds of Boeing's future deliveries and deliver 40 percent of profit, The Wall Street Journal reported, citing analysts.

Source: Ethiopian News March 11, 2019 13:41 UTC