Ethiopian Airline Boeing 737 Max 8 Plane Crash: How Nations Have Reacted

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Tuesday, March 12, 2019 4.00PM / Ottoabasi Abasiekong for Proshare WebTV


The news of the Ethiopian Airline ET302 Boeing 737 Max plane crash on Sunday March 10, 2019 shook the entire globe, as all the 157 people onboard lost their lives.

Intellectuals, United Nations Officials, Diplomats, Engineers and Students were victims of the crash.

It affected nationals from countries like the United States, United Kingdom, Canada, Nigeria, Israel, Egypt, Russia, China etc.

In response to this development some countries have taken major steps to ground their Boeing 737 Max fleet, until thorough investigations are carried out and its safety guaranteed.

The countries that have so far temporarily grounded their Boeing 737 Max fleet or banned them from their airspace include;

  • Ethiopia
  • China
  • Singapore
  • Norway
  • Argentina
  • Australia
  • South Korea
  • United Kingdom
  • Mexico
  • India
  • Brazil
  • Indonesia
  • Malaysia
  • Oman

Also the following are airlines that use Boeing  for their aviation services and the number of planes in their fleet;

  • Jackson Square Aviation -30
  • Ethiopian Airlines- 30
  • Korean Air-30
  • Virgin Australia -30
  • Goshwak Aviation - 20
  • Oman Air - 20
  • West Jet- 20
  • Donghai Airlines - 20
  • Malaysia Airlines- 15
  • SunExpress- 15
  • Air China- 14
  • Air Lease Corporation - 14
  • China Eastern Airline -13
  • Aerolinas Argentina -11
  • Aero Mexico- 11
  • Air Peace
  • Japan Investment Advisor-10
  • Lion Air-10
  • Xiamen Air - 9
  • Smart Wings- 8
  • Comair- 8
  • Blue Ar - 6
  • Nok Air - 6
  • Southwest Airlines-250
  • GECAS-150
  • Ryanair-135
  • Fly Dubai-131
  • Jet Airways-125
  • Vet Jet Air - 120
  • Spice Jet Shuttle - 116
  • Norwegian Air Shuttle - 110
  • Gol Transportes Aereos-105
  • American Airlines - 100
  • SMBC Aviation Capital - 91
  • BOC Aviation - 85
  • Aviation Development Group - 70
  • China Development Bank -68
  • Avolon - 65
  • Turkish Airlines- 65
  • TUI Group - 54
  • China Southern Airlines - 50
  • Garuda Indonesia - 50
  • ALAFCO - 40
  • Jeju Air- 40
  • Shandong Airlines -6
  • Fiji Airways -5
  • Qatar Airways -5
  • Shenzhen Airlines-5
  • TAROM-5
  • Air Niugini-4
  • Royal Air Maroc-4
  • Hainan Airlines-3
  • Icelandair-3
  • Business Jet-2
  • Enter Air-2
  • Sky Up Airlines-2
  • 9 Air-1
  • Mauritania Airlines-1
  • SCAT Airlines-1

 

Boeing an American company is one  of the biggest plane makers in the globe and also designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide.

It has 300 of its planes in operation across the globe and over 4,000 ordered by airlines across the globe and a market capitalization of about $211bn.

The 2018 revenue for Boeing was $10.1bn, while between 2010 and 2018, Boeing increased its operating cashflow from $3bn to $15.3bn.

48 hours after the Ethiopian Airlines plane crash, the share price of Boeing dropped to $374.06 on the NYSE (12.41pm GMT).

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

 

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Proshare Nigeria Pvt. Ltd.

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