Boeing Cancels 777X Launch Event after Ethiopian Airlines’ MAX 8 Crash

“We will look for an opportunity to mark the new plane with the world in the near future,” Boeing said in a statement Sunday night, emphasizing that at the moment the company was focused on “supporting” Ethiopian Airlines in the wake of the tragic air accident, which claimed 157 lives, RT reported.

The unveiling ceremony at Boeing's Everett Factory was supposed to be attended by top executives and numerous honored guests, who were "more-than-eager to see the presentation of the largest and most efficient twin-engine jet in the world."

Designed to build on the success of the 777 and 787 Dreamliner series, the plane is being assembled to replace the current generation of retiring 747 fleets. Production of the first 777X test model began in 2017, with first deliveries scheduled for next year. Once operational, the plane is expected to sell for at least $360.5 million.

Boeing's plans, however, were thrown into disarray on Sunday, when Ethiopian Airlines Flight 302 crashed just six minutes after takeoff from Addis Ababa en route to Nairobi, Kenya. All 157 people on board, mostly foreigners, were killed in the incident. Following the tragedy, Boeing announced that it will dispatch an investigative team to the crash site to provide technical assistance. The 737 MAX was only four-months-old when the jet allegedly demonstrated "unstable vertical speed” during its takeoff. The official cause of the crash is not yet known.

Sunday's disaster was the second recorded crash of the brand new Boeing narrow-body aircraft. In October, a Boeing 737 MAX 8 operated by Lion Air crashed minutes after taking off from Jakarta, Indonesia, killing all 189 passengers and crew. That crash is also under investigation.

Despite the cancelation of the inauguration ceremony, the 777X's development program will proceed on-schedule, the company said.