The absence of Boeing’s 737 MAX, its best-selling passenger jet, is hitting profits, crimping growth and throwing services schedules into disarray at airlines around the world
By Ben Otto and Trefor Moss July 28, 2019 5:30 am ET More than four months after the grounding of the 737 MAX, Boeing Co. BA -0.89% ’s newest, best-selling passenger jet, the plane’s absence is hitting profits, crimping growth and throwing services schedules into disarray at airlines around the world.
Low-cost carrier Flydubai, the Middle East’s largest MAX customer, with 251 orders and 14 already in its fleet, has canceled 17% of its flying schedule following the grounding. Oman Air, the sultanate’s national carrier, with five MAX jets parked and orders for 25 more, canceled earlier this month more than 800 flights through August.
In Southeast Asia, one of the fastest-growing aviation markets in the world, capacity at budget carrier SilkAir is forecast to drop 3% over the next year, thanks largely to the grounding, parent company Singapore Airlines Ltd. said. SilkAir operates six MAX jets, with another 31 on order. The grounding has also delayed plans to transfer some of SilkAir’s existing planes to another group airline, Scoot, impacting that carrier’s passenger capacity growth, a group spokesperson said.
In some cases, Boeing is working with airlines to see them through the delays. Nigerian airline Green Africa Airways is considering a number of options including starting service with older model 737 NG jets if the MAX planes aren’t available by the time the company launches, people with knowledge of the matter said. Green Africa last year announced plans to buy up to 100 MAX jets, the largest deal for Boeing aircraft from an African carrier.
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