Investors' Boeing selloff probably overstates the short-term financial impact of the latest tragedy, but may reflect a bigger long-term threat: that a door may open for a competitor in China, its biggest market. tombuerkle edwardcropley
China, Indonesia and Ethiopia grounded their Boeing 737 MAX 8 fleets on March 11 after a passenger jet operated by Ethiopian Airlines crashed shortly after take-off from Addis Ababa, killing 157 people on board.
Another 737 MAX 8 operated by Lion Air crashed in October after taking off from the Indonesian capital, Jakarta. The Civil Aviation Authority of China said there was “some degree of similarity” between the two incidents, both of which involved newly delivered planes. Boeing shares slid more than 10 percent in early trading on March 11, putting the stock on track for its biggest fall since the immediate aftermath of the Sept. 11, 2001 attacks in the United States, which grounded commercial air traffic for days around the world.
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