The global publicity of the Ethiopian Airlines crash last Sunday has produced a chain of events. The Ethiopian Airlines crash resulted in the casualty of 157 people. Of them, seven were crew members and one security official. Victims came from 35 different countries and among the deceased were several officials from United Nations institutions. Greece is lucky enough not to report any casualties as a passenger, Mr. Antonis Mavropoulos, fortunately missed his Ethiopian Airlines flight.
Global Grounding of Boeing 737 Max jets
As of today, more than 50 governments all over the world have banished Boeing’s 737 Max 8 and 9 jets from flying their national airspace. In a much anticipated move, the U.S. finally closed its airspace on Wednesday afternoon for Boeing’s 737 Max 8 and 9 aircrafts. The U.S. grounding directive came some hours after U.S. President Donald Trump had a discussion with Boeing’s senior executives about the issue and disseminated two highly influential tweet messages. The tweets criticised the complex electronics systems of modern aircrafts – which in essence require modern aircrafts to be supervised by MIT computer scientists than licensed pilots.
The U.S. addition to the list of countries banishing the flight of Boeing’s particular models represents a symbolic gesture to force the company, international aviation officials and other stakeholders involved in the construction of modern aircrafts to examine the root causes of two accidents on the particular model in the last six months.
Root Causes of Boeing 737 Max Accidents
Meanwhile, the black box of the crushed Ethiopian Airlines aircraft has arrived in Paris on Thursday morning and received by aviation experts to analyse the causes behind the jet’s unforeseen downing.
Technical investigations of the Lion Air crash which took place off the airspace of Jakarta on 29 October 2018, revealed that the aircraft pilots lost control of the plane after its nose took a downwards trajectory from an automatic pilot malfunction. Even though pilots attempted to restore the plane’s direction to a safe trajectory, the systems blockaded from contradictory inputs by pilots and the automatic aircraft systems. The plane went to an uncontrolled state and seconds later crashed resulting in the casualty of 189 people. For his part, the CEO of Ethiopian Airlines, Mr. Tewolde GebreMariam admitted that the pilots before the crash also reported steering problems.
In the aftermath of U.S. interdiction, Boeing’s head Mr. Dennis Muilenburg also issued a statement recommending the temporary removal of 737 Max 8 and 9 series aircrafts from aviation operations to undergo a fresh round of safety checks. The Boeing CEO argued that
‘We are supporting this proactive step out of an abundance of caution and in order to reassure the flying public of the aircraft’s safety [referring to global grounding of 737 Max jets]. We are doing everything we can to understand the cause of the accidents in partnership with the investigators, deploy safety enhancements and help ensure this does not happen again.’
The market shares of Boeing plummeted from these developments, recording a steep decline of more than 10% since their market value before the Ethiopian Airlines crash. This is translated into a $25 billion loss from the company’s reserves.