Ethiopia crash probe begins as Boeing shares slide

Credit: Reuters Studio
Published 1 week ago - Duration: 01:55s

Ethiopia crash probe begins as Boeing shares slide

Two 'black box' recorders have been recovered from the site of an Ethiopian Airlines passenger jet that crashed after take-off on Sunday, killing all 157 people on board.

Boeing shares slid 9 percent on Monday and a minute's silence was held at a UN assembly in Nairobi.

Francesca Lynagh reports.

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Ethiopia crash probe begins as Boeing shares slide

Red cross workers sift through the wreckage at the scene of the Ethiopian Airlines crash on Monday (March 11) morning, collecting remains in plastic bags as an excavator dug at the site.

The Boeing 737 MAX 8 passenger jet bound for Nairobi crashed minutes after taking off from Ethiopian capital Addis Ababa on Sunday (March 10) killing all 157 people on board.

The airline said Monday both the cockpit voice recorder and the flight data recorder have now been recovered.

It was the same model of aircraft involved in the Lion Air crash in Indonesia last year - costing 189 lives.

As an the investigation begins into what went wrong, experts have said that it's too early to say if there is a direct connection between the accidents.

On Monday, Boeing said there was no need to issue new guidance to operators of its 737 MAX 8 aircraft, based on the investigation so far.

But company shares took a hit in early trading - sliding 9 percent.

China's civil aviation regulator has ordered its airlines to ground their Boeing 737 MAX 8 planes.

That's more than a quarter of the global fleet of the jets.

Ethiopian Airlines and Cayman Airways have also grounded the plane - even though the cause of Sunday's crash is still unknown.

Reuters spoke to a U.S. official, who said the U.S. was unsure about what information China was acting on, and said there were no plans to follow suit in the U.S..

Victims onboard the crashed jet came from 33 different countries.

Some of those were United Nations staff heading to Nairobi for the UN Environment Programme assembly.

Their absence was marked with a one-minute silence at the start of the conference.

While in Ethiopia, parliament declared Monday a day of mourning.

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