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QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
Airlines with buyers’ remorse may use ban to revise orders
    2019-03-18  08:53    Shenzhen Daily

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.

Countries and airlines around the world banned the 737 MAX last week after a deadly Ethiopian Airlines plane crash killed all 157 people on board.

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.

“These unfortunate developments could give airlines that have potentially over-ordered an opportunity to review their requirements and fleet strategy,” CAPA Centre for Aviation chief analyst Brendan Sobie said.

Many airlines have had to quickly find other aircraft to substitute for the grounded 737 MAX, which has also complicated plans by airlines to use the fuel-efficient, longer-range jet to serve new destinations.

Among airlines that may regret ordering too many 737 MAX, Sobie cited Vietnam’s VietJet Aviation JSC, which he said had based a decision to expand from an all-Airbus A320 fleet by adding 200 737 MAX jets on a flawed strategy of opening joint ventures in overseas markets.

VietJet said it was closely monitoring developments and would make a decision about its order once more is known.

Among other Asian airlines, Malaysia Airlines said Friday that its order for 25 737 MAX jets was under review. Garuda Indonesia said it might cancel its order for 20 737 MAXs, which it had already reduced from 49 before the crash.

Lion Air, one of Boeing’s top three MAX customers in terms of total orders, had already thrown into question 187 unfilled orders after its October crash. It said it would halt all planned 737 MAX deliveries until after a final report into its crash is released later this year. (SD-Agencies)

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