Airlines Study 737 Max With Leases at $250,000 a Month
- Southwest Air forecast seen at risk as Air Canada cuts outlook
- World doesn’t have enough idle planes to replace grounded jets
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Airlines around the world are starting to assess the financial impact of this week’s grounding of the Boeing Co. 737 Max jetliner, following the second deadly crash of the plane model in five months.
Securing used aircraft to replace the grounded planes would cost about $250,000 a plane each month, said George Ferguson, an analyst at Bloomberg Intelligence. For Southwest Airlines Co., the biggest buyer of the revamped single-aisle workhorse, that would mean an extra cost of around $8.5 million for its 737 Max fleet of 34 planes.