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However, the FAA has not yet grounded the MAX 8, nor has the agency warned airlines against operating the aircraft as of the time of this post.

The Lion Air plane was only a few months old, just like Ethiopian Airliness aircraft from Sunday.

Although Boeing did not reference the crash directly in the update announcement, the aircraft manufacturer expressed sympathy for the families of the 157 people who died in Sundays plane crash.

However, this investigation has just begun and to date we have not been provided data to draw any conclusions or take any actions.

As of the time of this post, the United Kingdom and Malaysia have banned the 737 MAX 8 from their airspaces altogether, while China, Singapore and Australia have forbidden airlines from flying the aircraft in or out of the country.

Norwegian, GOL, SilkAir, China Southern, Cayman Airways, Air China and Lion Air have all grounded the 737 MAX 8s in their airline fleets.

At the same time flight crew have expressed concerns about flying on board the MAX aircraft.

Boeing stock is currently valued at 380.66 as of the time of this post.

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Boeing 737 Max 8 Software