By Tim Hepher and Anshuman Daga
By Tim Hepher and Anshuman Daga
HONG KONG, Nov 5 (Reuters) – Airways struggling to deal with the grounding of the 737 MAX might face a markedly completely different drawback when Boeing Co’s BA.N best-selling jet is cleared to re-enter service: a change to considerations about plane oversupply, carriers have been warned.
The U.S. planemaker has continued to provide the jet because it was grounded in March after two deadly accidents, and is predicted to hurry deliveries by 40%, to 70 models a month, when its manufacturing facility doorways reopen, in a bid to clear the backlog.
Rob Morris, world head of consultancy at UK-based Ascend by Cirium, stated the mixture of any fast rebound in deliveries, financial worries and an accumulation of market pressures courting again earlier than the crashes might make it arduous to soak up the jets.
“Subsequent 12 months is the problem. When the dam breaks and the MAX begins to circulate, there are going to be loads of plane,” Morris advised financiers at a Hong Kong briefing late on Monday.
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