Trump announces all Boeing 737 Max jets are grounded immediately after its second crash in five months

Boeing 737 MAX 8 American Air Laguardia New YorkAn American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, lands at LaGuardia Airport on Monday morning, March 11, 2019 in the Queens borough of New York City. Boeing's stock dropped more than 12 percent at the open on Monday, a day after a second deadly crash involving the Boeing 737 Max 8, the newest version of its most popular jetliner.Drew Angerer/Getty Images

  • The United States grounded all Boeing 737 Max 8 planes on Wednesday following two deadly crashes involving the aircraft in the past five months.
  • Canada, Europe, and nearly fifty other countries also grounded the jet this week following the Ethiopian Airlines disaster on Sunday.

The United States on Wednesday joined Canada, Europe, and nearly fifty other countries in banning the Boeing 737 max 8 aircraft from its airspace following Sunday's Ethiopian Airlines crash that killed 157 people.

President Donald Trump announced on Wednesday that he is issuing an order to ground all 737 Max aircraft effective immediately.

The 737 MAX's major US customers include Southwest, American, and United. Southwest Airlines is the plane's largest customer with 34 planes in its fleet. American operates 24 737 Max 8 aircraft while United flies 14 of the larger 737 Max 9 variant.

On Sunday, Ethiopian Airlines Flight ET302 crash shortly after taking off from Addis Ababa Bole International Airport. The crashed killed all 157 passengers and crew on board the four-month-old plane.

It's the second nearly brand new Boeing 737 MAX 8 airliner in recent months to be involved in a fatal crash. In October, Lion Air Flight JT610 crashed in the Java Sea shortly after taking off from Jakarta, Indonesia, killing all 189 people on board.

The move to ban the plane follows calls by a number of US lawmakers to ground the plane on Tuesday.

More on Boeing's 737 Max 8 and the Ethiopian Airlines disaster:

Get the latest Boeing stock price here.

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