Shares of China Eastern are under pressure in Shanghai and Hong Kong, as investors react to the plane crash. The company has grounded all Boeing 737-800 passenger flights from Mar 22 for safety, forcing a mass cancellation of flights. The plane crash could not have come at a more critical time for Boeing. The planemaker is gearing up for the re-entry of its 737 MAX for commercial service in China following two fatal crashes. Although this crash involves the MAX’s predecessor, it may not make a difference to Chinese passengers and regulators.
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