On Sunday, an Ethiopian Airlines crashed killing 149 passengers and eight crew members on board shortly after takeoff. When the US markets opened Monday morning, Boeing stock gapped down 11% and fell as much as 13.5% to $365.55 shortly after market open.
Ethiopia, China and Indonesia, Caribbean carrier Cayman Airways, Comair in South Africa and Royal Air Maroc in Morocco temporarily grounded their Boeing MAX 8s as a precautionary measure.
The incident was the second deadly crash of the new Boeing planes in less than five months. A Lion Air Boeing 737 MAX 8 plunged into the Java Sea shortly after taking
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