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A Boeing 737-800 passenger plane belonging to Garuda Indonesia lands at Hong Kong International Airport. Photo: Marcio Rodrigo Machado/S3studio/Getty Images

Indonesian airline Garuda is seeking to cancel the remainder of its $4.9 billion order for 48 more Boeing 737 MAX 8 jets, after at least 40 countries suspended the jets' operation due to 2 fatal crashes of the brand new aircraft in the last 6 months, the New York Times reports.

The big picture: Garuda's pullout is the latest blow to Boeing, as the loss of 2 brand new aircraft in 6 months has no precedent in modern aviation history and has threatened one of the company's main sources of revenue. Multiple investigations are now underway into how the 737 MAX was certified, including the Inspector General's office at the U.S. Transportation Department, the FBI, a federal grand jury and House and Senate committees.

In its most recent communication to airlines on Wednesday, the FAA said Boeing is working on a software fix that may address the cause of both crashes, but gave no timetable for its introduction and rollout.

Our thought bubble, per Axios' Andrew Freedman: It's not easy for an airline to cancel an aircraft order without paying penalties, and Garuda will have to negotiate with Boeing going forward. But this cancellation is noteworthy since the airline has a checkered safety history, having had multiple crashes in the past decade. So if they're bailing on the 737 MAX, it could encourage carriers with a better reputation to rethink their plans too.

Go deeper: Canada, Europe to conduct own reviews into Boeing 737 Max jets

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 7 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 8 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.