Boeing Co. shares sank after European regulators issued a blanket ban on 737 Max flights, and India also joined in a global rebuke of the U.S. manufacturer’s most important plane in the wake of Sunday’s deadly Ethiopian Airlines crash.
- The European aviation authority EASA grounded 737 Max flights across the region
- India followed late Tuesday
- The moves will put pressure on Boeing and further isolate the U.S. Federal Aviation Administration, which has assured passengers that the jet model remains airworthy
- Boeing shares fell as much as 8 percent in New York
- Bonds also declined and costs to insure Boeing’s debt rose the most in three years