March 11, 2019 / 8:19 AM / 3 months ago

Aerospace group Safran's shares fall after Ethiopian Airlines crash

FILE PHOTO: A view shows a Safran logo at the Safran Aircraft Engines plant in Gennevilliers, France, February 6, 2019. REUTERS/Benoit Tessier/File Photo

PARIS (Reuters) - Shares in French aerospace group Safran fell on Monday, which traders attributed to fallout from Sunday’s crash of an Ethiopian Airlines 737 MAX 8 plane.

Safran is the plane’s engine maker.

The plane was en route from Addis Ababa to Nairobi when it crashed minutes after take-off, killing all 157 people on board and prompting the carrier to ground the rest of its fleet of the jets.

Safran shares fell 1.6 percent.

(The story is refiled to add dropped letter in para one.)

Reporting by Sudip Kar-Gupta; editing by John Stonestreet

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