The grounding of Boeing's global 737 MAX fleet has brought headaches for ai...
DUBLIN/SINGAPORE/MONTREAL - The grounding of Boeing’s global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane.
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. 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 inaugurated flights from Brazil to Orlando and Miami in November after receiving its first 737 MAX planes.
VietJet said it was closely monitoring developments and would make a decision about its order once more is known.Among other Asian airlines, financially troubled Malaysia Airlines said on Friday that its order for 25 737 MAX jets was under review. Garuda Indonesia said this week it might cancel its order for 20 737 MAXs, which it had already reduced from 49 before the crash.
Loss-making Norwegian already said in February it was postponing delivery of 12 MAX aircraft from 2020 to 2023 and 2024 to cut expenditure and shift its focus from expansion to profitability, and this week became the first major airline to publicly say it will seek compensation from Boeing over the MAX grounding.
“This is going to impact on their operations and cash flow,” he said. “Particularly into the Easter peak season next month and potentially through the summer as well... People will be scrambling for spare aircraft and there are not many, so lease rates will rise.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These airlines will likely take the biggest hit after the Boeing 737 Max was involved in two deadly crashesIn the US, the Boeing 737 Max flies with American Airlines, Southwest Airlines, and United Airlines.
Read more »
Malaysia Airlines currently reviewing order for 25 Boeing 737 MAX aircraftMalaysia Airlines is reviewing its order for 25 Boeing 737 MAX aircraft after re...
Read more »
Chinese carriers, Ethiopian Airlines halt use of Boeing 737 MAX 8 aircraft after crashBEIJING/SHANGHAI (Reuters) - China's aviation regulator on Monday grounded nearly 100 Boeing Co 737 MAX 8 aircraft operated by its airlines, more than a quarter of the global fleet of the jets, after a deadly crash of one of the planes in Ethiopia. Boeing, whose shares dropped 9 percent in U.S.
Read more »
Ethiopian Airlines crash is second disaster involving Boeing 737 MAX 8 in monthsThe Ethiopian Airlines crash, which killed 157, is the second deadly disaster involving Boeing's new 737 MAX 8 jet in less than six months
Read more »
The Latest: UK regulators ground Boeing 737 Max aircraftHEJERE, Ethiopia (AP) — The Latest on Ethiopian Airlines crash (all times local): 4:45 p.m. British regulators have grounded Boeing 737 Max aircraft following the Ethiopian Airlines...
Read more »
Chinese airlines reportedly ordered to temporarily halt use of Boeing 737 Max planes after crashChinese airlines will suspend the use of Boeing 737 Max airplanes on the orders of the country's industry regulator, Chinese media outlet Caijing reported on Monday, citing sources familiar with the matter.
Read more »
China orders its airlines to suspend use of Boeing 737 Max aircraft: mediaChina's aviation regulator has ordered Chinese airlines to suspend their Bo...
Read more »
The Latest: China airlines told to ground Boeing 737 Max 8sBEIJING (AP) — The Latest on Boeing's 737 Max 8 model after a crash in Ethiopia (all times local): 10:30 a.m. China's civilian aviation authority has ordered all Chinese airlines to...
Read more »