Fitch says 737 Max grounding to hurt Asian airline industry more in second quarter

📆 5/4/2019 4:31 PM
📰 Reuters

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Fitch Ratings said on Friday the impact on the airline industry in Asia from the...

FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File Photo

Boeing’s top-selling aircraft has been grounded worldwide since the March 10 Ethiopian Airlines disaster, which killed 157 people, and came just five months after a Lion Air crash in Indonesia that killed 189. It added that there is limited flexibility for airlines to switch to alternatives from Airbus or Boeing.

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It sounds like Mr. Fitch Rating is choosing to be cautious. 😉

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