Groundings of brand-new Boeing 737 MAX 8 jets have sent shockwaves through global aviation after a crash in Ethiopia, but many airlines are ...
SINGAPORE: Groundings of brand-new Boeing 737 MAX 8 jets have sent shockwaves through global aviation after a, but many airlines are managing to keep to schedule with other jets while economic woes mean some may be grateful for a pause.
"At present the impact of any groundings is contained by the relatively small global fleet currently in service," aviation consultant John Strickland told Reuters.The time of year and signs of concerns about a peak in global aviation growth and a slowdown in the economy means cutting capacity is not necessarily negative for airlines.
Although March is not a peak season for flights, some have been hit, with Chinese aviation data firm Variflight on Monday saying at least 29 international and domestic flights had been cancelled. Singapore Airlines, Indonesia's Lion Air and Garuda Indonesia and state-backed carriers Air China, China Eastern Airlines and China Southern Airlines all have large fleets of jets other than the MAX to draw on, the analyst said.The bigger impact from the Ethiopian crash could be on future deliveries, since other carriers including Korean Air Lines Co Ltd have placed relatively large orders for 737 MAX 8 jets, said Um Kyung-a, a senior analyst at Shinyoung Securities.
The airline operates Boeing 737 models exclusively and announced in December that it was accelerating its transition to the newer Max 8 planes.Lion Air, which suffered a 737 MAX crash in October, has refused to take delivery of some of the jets but analysts say it is suffering from overcapacity and may benefit from a slowdown.
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