US not planning to ground Boeing planes after Ethiopia crash

Jason Redmond / AFP

Boeing shares tumbled over 5 per cent by midday trading on Wall Street on Tuesday as a number of nations have grounded the company's 737 Max 8 jet. 

This follows Sunday's Ethiopia Airlines plane crash that killed all 157 people on board. 

The United Kingdom and China are among those to ground these planes and the European Aviation Safety Agency is the latest body to suspend flight operations. 

But the US isn't following suit. The Federal Aviation Administration said it would examine data from the crash and act on those findings. 

William Denselow reports:   

More from International

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.