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. The industry faces market turbulence as the release of some 800 grounded jets reverses a surge in narrowbody aircraft values, with the glut of planes potentially weighing on fares, IBA said. Since the MAX grounding last March, after two deadly crashes, airline customers have secured alternative planes or extended existing leases, driving up contract rates and second-hand values of Boeing and Airbus single-aisle jets. …read more
Source:: Yahoo Finance
