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Posted: 2019-03-13T18:45:28Z | Updated: 2019-03-13T20:12:11Z

President Donald Trump has announced an immediate grounding of all Boeing 737 Max 8 and Max 9 planes in the wake of a worldwide boycott of the model following two fatal crashes within five months.

All of those planes are grounded effectively immediately, Trump said at a press conference on Wednesday. Boeing is an incredible company. They are working very, very hard right now and hopefully, theyll come up with an answer, but until they do, all planes are grounded.

Boeing, responding to Trumps announcement, said it continues to have full confidence in the safety of the 737 Max but had recommended the ban to the Federal Aviation Administration out of an abundance of caution.

We are doing everything we can to understand the cause of the accidents in partnership with the investigators, deploy safety enhancements and help ensure this does not happen again, the company said .

In Consultation with the FAA, NTSB and its Customers, Boeing Supports Action to Temporarily Ground 737 MAX Operations: https://t.co/Z6gIInNYHL pic.twitter.com/cBHzvsdVw7

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In Consultation with the FAA, NTSB and its Customers, Boeing Supports Action to Temporarily Ground 737 MAX Operations: https://t.co/Z6gIInNYHL pic.twitter.com/cBHzvsdVw7

The Boeing Company (@Boeing) March 13, 2019

In its own statement, the FAA said it had made the decision to ground the planes after reviewing new data evidence, which included satellite data, earlier in the day.

#FAA statement on the temporary grounding of @Boeing 737 MAX aircraft operated by U.S. airlines or in a U.S. territory. pic.twitter.com/tCxSakbnbH

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#FAA statement on the temporary grounding of @Boeing 737 MAX aircraft operated by U.S. airlines or in a U.S. territory. pic.twitter.com/tCxSakbnbH

The FAA (@FAANews) March 13, 2019

The U.S. airlines with 737 Max planes in their fleets are American Airlines, United Airlines and Southwest Airlines , which has the worlds largest 737 Max fleet with 34 jets. (Those planes account for less than 5 percent of the airlines daily flights, the company said.) United says it has 14 737 Max planes and American says it has 24.

In a statement responding to Trumps emergency order, Southwest said it is working with passengers of canceled 737 Max 8 flights to rebook them onto other planes. The other two airlines issued similar statements.

Trumps announcement came just hours after Canadian Transportation Minister Marc Garneau made a similar announcement following Sundays Ethiopian Airlines crash that killed 157 people, including 18 Canadians.

Just five months earlier, a Lion Air crash in Indonesia, involving the same model of plane, killed 187 people.

The U.S. was one of the last countries to ban the aircraft. Boeing CEO Dennis Muilenburg assured Trump about the planes safety in a phone call Tuesday. The FAA also said it had found no reason to ground the planes.

At a press conference on Wednesday, Garneau said Canadas decision to ground the planes came after aviation experts reviewed new satellite tracking data that found similar vertical fluctuations by both the Ethiopian Airlines and Lion Air planes just before they crashed. He cited possible issues with the models autopilot.