Boeing 737 MAX 8 airplanes are being grounded all over the world after the Ethiopian Airlines Flight 302 crash, and Lebanon followed suit yesterday when the Lebanese Directorate General of Civil Aviation issued a statement banning any overflying Boeing 737 MAX 8 in the Lebanese airspace and any inbound Boeing 737 MAX 8 to Beirut
The ETHIOPIAN Airlines Boeing 737 MAX 8 jet crashed shortly after takeoff from Addis Ababa on Sunday morning, killing all 157 people aboard. The circumstances of the crash resembled another crash involving Lion Air Flight 610 which killed all 181 passengers and eight crew. Since both were on 737 MAX 8 jets, this prompted an investigation by the FAA and a decision to ground all Boeing MAX 8 planes.
Boeing on the other hand still refuses to ground its plane claiming they are safe to fly. The cost of grounding all 737 Max planes could be between $1 billion and $5 billion, according to estimates from Wall Street firms Melius Research and Jefferies.