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

FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson - Copyright Lindsey Wasson(Reuters)

By Reuters

Published on 05/04/2019 - 06:04•Updated 25/04/2024 - 03:09

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(Reuters) - Fitch Ratings said on Friday the impact on the airline industry in Asia from the grounding of Boeing 737 Max jets has been muted so far but may worsen in the second quarter of 2019.

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.