Business Boeing MAX will make a return on aviation turmoil

Boeing MAX will make a return on aviation turmoil

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Le Laurence Frost

"(c)" – Mt (0) – sm Mt (0) – sm "type" text "content" PARIS (Reuters) – A year after the grounding of Boeing Co's 737 MAX sent shockwaves across the aviation sector, its likely return in 2020 promises more upheaval, consultant IBA said on Wednesday. "Data-reactid =" 23 "> PARIS (Reuters) – Year after Boeing Co's establishment 737 MAX launched a disruption across the aviation sector, and it is likely that further turbulence will return back in 2020, the IBA said on Wednesday.

The industry is facing market turmoil as 800 jet discharges return based on an increase in the values ​​of narrow aircraft, and the planes may be dependent on fares, said IBA.

</ p> (0) – Mt (0)) – Mt (0) crashes, airline t single-aisle jets. "data-reactid =" 25 "> Since MAX was established in March last, after two deadly crashes, airline customers or existing leases have received alternative airplanes, raising contract rates and values. second hand Boeing and Airbus single-axle jets.

Airlines and lessors have a major impact on the return of the jet to service and as a result, EBA, which is worse than uncertainty about the timing of its publication by the US Federal Aviation Administration.

"During a two-year period you are looking to have another full year deliveries," said Stuart Hatcher, the firm's chief operating officer, referring to around 800 737 MAX aircraft ready for flight when approved. "That market has never seen it before."

In its latest market update, IBA warned "the aviation industry has had a difficult year" due to the pressure on both airlines and lessors from ticket sales. "

The strength of the dollar will put extra pressure on many carriers, especially in Southeast Asia and countries such as Turkey and Argentina.

Global airlines warned last month that 2019 industry profits would fall faster than expected, with an improvement in 2020 depending on "ceasefire" in trade disputes.

Mb (0) – Mt (0) – sm Mt (0) – sm "Type:" text "content" total of 430 planes. t "Hong Kong Airlines, South African Airways, Flybe and Norwegian Airlines" "data-reactid =" 31 "> Last year airlines failed the highest number of 430 airplanes to operate, while others are threatened in 2020, the IBA also said, citing some carriers. were forced to refinance or seek reliefs. "Hong Kong Airlines, South African Airways, Flybe and Norwegian Air it will face significant risks. "

Flybe, the largest regional airline in Europe, appeared to have fallen on Tuesday after dealing with the British government expected to include passenger duty.

Leasing firms will face another slide in loose or two-phase jet leases, a 30% reduction in the past year, IBA said, predicting a 10% reduction in Airbus A330ceo in 2020.

Boeing's 777 program is not "immune from these challenges," he said, predicting a similar drop in 777-300ER rates after Boeing recorded a net decrease in orders for the upcoming 777X version in the last 12 months.

"Leasing rates cannot be much lower than they are now" in the broad market, Hatcher said, adding that increased pressure on lessors could lead to consolidation.

"This sharp dynamics is in the values ​​of aircraft, and what IBA believes is an unsustainable growth in aircraft leases, to cause trauma in the crowded aircraft leasing market."

(Reporting by Laurence Frost in Paris; editing by Matthew Lewis)

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