Earlier, on 29 October 2018, Lion Air Flight 610 went down in Indonesia, claiming the lives of 189 passengers. It is believed that the Maneuvering Characteristics Augmentation System (MCAS) erroneous reading of the angle-of-attack indications could have led to the crashes. #FAA statement on the temporary grounding of @Boeing 737 MAX aircraft operated by U.S. airlines or in a U.S. territory. ​According to Bloomberg, two 737 Max crashes in five months has dealt a heavy blow to Boeing's reputation: "Fleeing investors quickly trimmed more than $20 billion from Boeing's market value", the media outlet underscored. On 18 March, The Wall Street Journal revealed that Federal prosecutors and Department of Transportation officials had launched an investigation into the FAA's approval of Boeing's 737 Max planes.

Source: Ethiopian News March 21, 2019 17:03 UTC