___10:25 a.m.Southwest Airlines says that the government's grounding of all Boeing Max 8 jets will contribute to a $150 million revenue loss in the first quarter. According to numbers from Boeing, Southwest operates the largest fleet of the troubled planes. The Senate is holding hearings Wednesday to look into the Federal Aviation Administration's oversight of Boeing. Among those expected to testify before the Senate aviation subcommittee Wednesday is the Transportation Department's inspector general, who is leading a review of the FAA and Boeing. The Transportation Department watchdog has previously raised questions about the FAA's certification of Boeing planes and the seemingly close relationship between some agency managers and Boeing.

Source: Ethiopian News March 27, 2019 14:26 UTC