In the first trading day after the Ethiopian disaster with Boeing 737 Max, in which all 157 people on board died, the share price of the company collapsed at a rate not seen since the 9/11 attacks. China announced that it would ground all of its jetliners of this model and Indonesia followed suit by announcing a partial grounding for its 737 Max air fleet.
This is the second similar accident in the past several months with an aeroplane of this model, causing huge doubts about the reliability of the jetliner. The black box of the crashed aircraft was recovered earlier this morning and further investigations are going to be conducted before the inspectors can announce the main reason for the crash.
The course of the investigation and the final conclusions are going to be detrimental for the future of the company's stock, depending on whether the investigators rule out a technical issue or a human error in judgement as being the primary cause.
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