Aircraft Boeing has grounded the global fleet of its 737 Max aircraft. The move follows last week's Ethiopian Airlines crash. That was the second in five months a 737 Max has crashed. Last October, a plane from the Indonesia-based Lion Air crashed in what aviation are saying are similar circumstances. Investigators have recovered the black from the crash site in Ethiopia and will study the in them to ascertain the reason for the aircraft falling from the sky. Dan Elwell, a spokesman from the USA's Federal Aviation Administration, said: "It became clear…that the of the Ethiopian Airlines flight was very close and behaved very similarly to the Lion Air ."
Boeing has huge for the 737 Max and views it as a part of its future. The Max started flying in 2017. Boeing has received over 5,000 orders for the aircraft and has delivered 371 to date. News of the has been disastrous for Boeing's . The company's market has plummeted by nearly $26 billion since the in Ethiopia. Boeing president, chief executive and chairman Dennis Muilenburg said: "We are doing everything we can to understand the of the accidents (in partnership with the investigators), deploy safety , and help ensure this does not happen again." Boeing said that it "continues to have full in the safety of the 737 Max".