The latest Boeing model 737 has been grounded throughout the EU and a host of other countries around the world. This is in the wake of two fatal crashes in the past six months.

The most recent crash claimed the lives of 157 people including one Irish passenger, 39-year-old Micheál Ryan, a married father-of-two from Co Clare. He worked for the United Nation’s World Food Programme and was among 19 UN employees on the flight.

As the new model 737 is seen as a trustworthy aircraft this move has come as a shock to airlines and Boeing itself.

Ryanair is one among many airlines set to take charge of the new model in the coming months. At the moment it is unclear how the grounding will affect airlines taking charge of pre-ordered planes.

Recent incidents

Ethiopia

Ethiopia airline flight 302 Crashed just six minutes after takeoff from Addis Abba and was on route to Nairobi in Kenya recorded the Irish Times. On board were passengers and crew from 35 countries.

All that is known so far, is that the pilot radioed for permission to return to Addis abab just after takeoff but did not have time to complete the manoeuvre.

Investigators have recovered two black boxes and it is hoped that this will provide quick answers as to the cause of the crash.

Indonesia

The first crash involving the 737 model took place in October in Indonesia and claimed the lives of 189 people reported Euronews. The Lion Air flight has no survivors and the exact cause of the crash is still not known.

Grounding model 737

The decision to ground the model has come in the wake of both crashes.

The Irish Aviation Authority said, “This decision has been taken based on ensuring the continued safety of passengers and flight crew, which is the IAA’s number one priority” reported RTE.

They continued that although there is not sufficient evidence, this was a precautionary move “However, as we do not currently have sufficient information from the flight data recorder we have, as a precautionary measure, issued instructions to stop any flights on Boeing 737 MAX from any operator arriving, departing or overflying Irish airspace,” it stated.

The European Union’s aviation safety agency EASA has announced the suspension of all flights in the EU by Boeing’s 737 MAX aircraft this was then followed by the US.

China, Singapore, Australia, Malaysia and Oma are among other countries to suspend the aircraft. Turkish Airlines has halted flights of its 12 Boeing 737 MAX aircraft.

Norwegian Air and a number of carriers in the Carribean also announced they would halt scheduled flights involving the 737.

US

The US had an about turn in the past couple of days as the FAA has initially stated it would take no action in regards to the Boeing model.

Some commentators believe it was in respect to action taken by China and Indonesia two of Boeings biggest customers.

Although the ban like those in other areas is only temporary the move will still have a major negative impact for the company.

Ryanair

On a smaller sclae companies such as Ryaniar will be feeling the affects of the grounding also. This week Ryanair head Michael O’Leary had said no action will be taken in regards to the model but with the EU ban this will have to change.

The company is set to take charge of two new planes in April followed by more during the summer.

It is not known how this will affect production or orders at the moment.

Boeing

Boeing is the worlds largest aircraft provider and has seen its value drop drastically over the past week due to the second fatal plane crash in recent months.

A statement released by the company insisted on its confidence in the 737 model, however, it said they also understood the position of the EU and other countries in grounding the airline.

Teams have been sent to both crash sites in an effort to speed up investigations and find a root cause for both crashes. As of yet, there is no evidence linking both incidents besides the model of each aircraft.

The model 737 comprises almost half of all orders from Boeing in the last year and it is not yet known how the latest news will affect the production of the aircraft.

The company has lost billions over the past number of days as share prices continue to drop. The grounding of the planes across the globe were definitely a huge negative indicator for the stock market. The company fell 7% on Tuesday having lost 5% on Monday past reported the Irish Times.