Airlines that have been forced to rejig operations due to the grounding of the 7...
HONG KONG - Airlines that have been forced to rejig operations due to the grounding of the 737 MAX could face a markedly different problem when Boeing Co’s best-selling jet is finally cleared to re-enter service: a gradual switch to concerns about oversupply, a leading analyst warned on Monday.
Rob Morris, global head of consultancy at UK-based Ascend by Cirium, said the combination of any rapid rebound in deliveries, economic worries and an accumulation of market pressures dating back before the crashes could make it hard to absorb the jets. Still, he and other delegates at back-to-back aviation finance gatherings in Hong Kong agreed it would take Boeing 18 months or longer to deliver all the stranded aircraft.
“It is not as if all these MAX could be delivered over a one-, two- or three-month period ... so it is not an open floodgate and 350 planes all coming onto the market tomorrow,” he told Reuters on the sidelines of the Airfinance Journal Asia Pacific conference.
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