Boeing 737 Max 8 woes crimp Asian airlines’ growth plans
Live MintSingapore: Asian airlines are cutting routes, revamping their schedules and leasing extra aircraft to fill gaps left by the grounding of Boeing 737 Max 8s after deadly crashes in Indonesia and Ethiopia killed 346 people. Chinese airlines had 96 Max 8 jets but have managed to avoid massive cancellations by swapping in other models of aircraft, said Kelvin Lau of Daiwa Capital Markets in Hong Kong. "Lion Air continues to serve routes that have been operated by Boeing 737 MAX 8 by replacing them using other Lion Air fleets," spokesman Danang Mandala Prihantoro said in a statement. "The aircraft shortage is arising as SilkAir, due to the grounding of its Boeing 737 MAX 8 fleet, will no longer transfer its Boeing 737-800NG aircraft to Scoot in the financial year 2019/2020," it said.