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Airlines with buyers' remorse may use Boeing 737 MAX ban to revise orders

https://www.oann.com/airlines-with-buyers-remorse-may-use-boeing-737-max-ban-to-revise-orders/
See More From: oann.com

Mar 15, 2019 3:55 PM 1+ week ago

Countries and airlines around the world banned the 737 MAX this week after a deadly Ethiopian Airlines plane crash killed all 157 people on board. The disaster followed a fatal crash of the same model operated by Lion Air in Indonesia in October.

For airlines that over-ordered the latest version of Boeing's 737 workhorse, the grounding could be a good excuse to delay or cancel purchases, saving cash on the balance sheet, analysts said.

"These unfortunate developments could give airlines that have potentially over-ordered an opportunity to review their requirements and fleet strategy," CAPA Centre for Aviation Chief Analyst Brendan Sobie said.

Many airlines have had to quickly find other aircraft to substitute for the grounded 737 MAX, which has also complicated plans by airlines to use the fuel-efficient, longer-range jet to serve new destinations.

Southwest Airlines Co, the world's largest operator of the MAX, was planning to fly the jet on its new California-Hawaii route later this year, while Gol Linhas Aereas Inteligentes ...

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