• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Exclusive

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

An hour in the Oval Office with President Trump Fortune Editor-in-Chief: Alyson Shontell sat down with President Trump in the Oval Office for an hour. Tariffs, Intel, AI, Boeing, Iran—and the question every CEO eventually has to answer: who's next?

Boeing

Boeing Crisis Escalates as 737 MAX Is Barred From Australia and Singapore

By
Bloomberg
Bloomberg
,
Kyunghee Park
Kyunghee Park
, and
Angus Whitley
Angus Whitley
Down Arrow Button Icon
By
Bloomberg
Bloomberg
,
Kyunghee Park
Kyunghee Park
, and
Angus Whitley
Angus Whitley
Down Arrow Button Icon
March 12, 2019, 5:04 AM ET

Boeing Co. is facing a growing crisis of confidence over its 737 Max jet, as regulators and airlines from Singapore to Australia move to ground or block the plane following two deadly crashes in five months.

A day after U.S. regulators stood by the jet’s airworthiness, airlines and aviation authorities from South America to Asia instead opted for a zero-risk approach. Australia followed Singapore in temporarily blocking the 737 Max from its airspace, meaning the newest version of Boeing’s best-selling model is now barred from Asia’s second-busiest international airport and a key long-distance travel destination.

The Civil Aviation Authority of Singapore barred any Boeing 737 Max flight in and out of the city-state. The decision dragged airlines including Singapore Airlines Ltd.’s SilkAir, China Southern Airlines Co., PT Garuda Indonesia and Shandong Airlines Co. into a standoff with the Chicago-based plane maker and the U.S. regulator.

The similarities between Sunday’s disaster in Ethiopia and an October crash in Indonesia, both involving the Boeing 737 Max aircraft, have spooked travelers and sparked worries that the jet is fatally flawed. Despite the U.S. Federal Aviation Administration’s verdict that the plane remains safe to fly, the model was struck by the fresh wave of groundings that could potentially snowball into lost aircraft sales.

“During the temporary suspension, CAAS will gather more information and review the safety risk associated with the continued operation of the Boeing 737 Max aircraft into and out of Singapore,” the authority said.

The announcement follows Max jet groundings by low-cost Brazilian carrier Gol Linhas Aereas Inteligentes SA and Grupo Aeromexico SAB. Hours earlier, the Mexican carrier had said its Max aircraft were in perfect condition.

The spreading cautionary moves are a reaction to the two deadly catastrophes that have eroded faith in the world’s most widely flown jetliner, even after the FAA said there isn’t conclusive evidence so far to link the crashes.

Dual Crashes

The Ethiopian Airlines jet crashed minutes after takeoff on March 10, killing all 157 people on board. That accident was preceded by a crash of the same model operated by Indonesia’s Lion Air on Oct. 29, in which pilots struggled to maintain control following an equipment malfunction. Chicago-based Boeing is racing to roll out software improvements for the aircraft to help prevent a repeat of the Lion Air crash.

Singapore’s ban on 737 Max aircraft, no matter which carrier is operating the planes, is wider than the freeze put in place Monday by China and Indonesia, which both grounded their airlines’ 737 Max 8 aircraft.

Singapore’s suspension includes both the Max 8 and 9 variants and affects foreign carriers that deploy the aircraft for flights into the island-city, the CAAS said. Singapore is monitoring the situation and is in close contact with Boeing as well as the FAA and other aviation regulators, it said.

The 737 Max is the newest version of Boeing’s most important aircraft type, a plane family that generates almost one-third of the company’s operating profit. The narrow-body jet forms the backbone of many global airline fleets that use the model and Airbus SE’s competing A320 line on shorter routes.

About the Authors
By Bloomberg
See full bioRight Arrow Button Icon
By Kyunghee Park
See full bioRight Arrow Button Icon
By Angus Whitley
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Google’s I/O conference showed how the company is being completely rebuilt for AI—for better or for worse
Big TechGoogle
Google’s I/O conference showed how the company is being completely rebuilt for AI—for better or for worse
By Alexei Oreskovic and Sharon GoldmanMay 19, 2026
6 hours ago
Bolt CEO Ryan Breslow
Workplace CultureFortune Workplace Innovation
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’: 
By Preston ForeMay 19, 2026
7 hours ago
Why the 137-year-old developer Hongkong Land is reinventing itself—and trying to broaden its focus beyond its home city
AsiaHong Kong
Why the 137-year-old developer Hongkong Land is reinventing itself—and trying to broaden its focus beyond its home city
By Nicholas GordonMay 19, 2026
7 hours ago
Svenja Gudell, Chief Economist, Indeed
SuccessFortune Workplace Innovation
Indeed chief economist says the sectors most exposed to AI are seeing a big growth in job demand
By Emma BurleighMay 19, 2026
7 hours ago
The 30-year yield hasn’t been this high since the Great Recession. Do the bond vigilantes ride again?
EconomyBonds
The 30-year yield hasn’t been this high since the Great Recession. Do the bond vigilantes ride again?
By Eva RoytburgMay 19, 2026
7 hours ago
DEI experts say the acronym may be radioactive, but the underlying business case is stronger than ever
Workplace CultureFortune Workplace Innovation
DEI experts say the acronym may be radioactive, but the underlying business case is stronger than ever
By Marco Quiroz-GutierrezMay 19, 2026
8 hours ago

Most Popular

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
7 days ago
While Trump insisted the Iran war would end ‘soon,’ an account in his name was buying millions in oil, defense, and gold
Economy
While Trump insisted the Iran war would end ‘soon,’ an account in his name was buying millions in oil, defense, and gold
By Eva RoytburgMay 18, 2026
1 day ago
Employers are quietly pausing 401(k) matches again. The last time this happened was the 2008 recession and Covid
Personal Finance
Employers are quietly pausing 401(k) matches again. The last time this happened was the 2008 recession and Covid
By Courtney Vinopal and HR BrewMay 18, 2026
1 day ago
Current price of silver as of Monday, May 18, 2026
Personal Finance
Current price of silver as of Monday, May 18, 2026
By Joseph HostetlerMay 18, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’: 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’: 
By Preston ForeMay 19, 2026
7 hours ago
Current price of oil as of May 19, 2026
Personal Finance
Current price of oil as of May 19, 2026
By Joseph HostetlerMay 19, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.