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Boeing MAX return will bring aviation turbule

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Boeing MAX return will bring aviation turbule

Old 01-15-2020, 06:03 AM
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Default Boeing MAX return will bring aviation turbule

https://www.reuters.com/article/us-a...KBN1ZE005PARIS (Reuters) - A year after the grounding of Boeing Co’s (BA.N) 737 MAX sent shockwaves across the aviation sector, its likely return in 2020 promises more upheaval, consultant IBA said on Wednesday.
The industry faces market turbulence as the release of some 800 grounded jets reverses a surge in narrowbody aircraft values, with the glut of planes potentially weighing on fares, IBA said.Since the MAX grounding last March, after two deadly crashes, airline customers have secured alternative planes or extended existing leases, driving up contract rates and second-hand values of Boeing and Airbus (AIR.PA) single-aisle jets.

Airlines and lessors face a whiplash effect from the jet’s return to service and resulting “capacity glut,” IBA said, compounded by uncertainty over the timing of its recertification by the U.S. Federal Aviation Administration.

“Over a two-year period you’re going to have another whole year’s worth of deliveries sandwiched in,” the firm’s chief operating officer, Stuart Hatcher, said, referring to about 800 completed 737 MAX aircraft that are ready to fly once approved. “The market has never seen that before.”

In its latest market update, IBA warned of “a difficult year for the aviation industry as sharply changing aircraft values and falling yields from ticket sales cause pressures for airlines and lessors alike.”
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