Wall Street analysts slash Boeing 737 MAX delivery forecast
The world's biggest planemaker is expected to show that customers took less than half expected forecast deliveries
Bengaluru — Planemaker Boeing is now unlikely to deliver more than 500 of its 737 MAX planes to customers in 2019, and even that will depend on a swift removal of an effective halt in deliveries after June, Wall Street analysts said on Monday. Deliveries of Boeing's best-selling aircraft have been frozen by a global grounding of the jet following the crash of an Ethiopian Airlines flight on March 10, which killed all 157 people onboard. The company's delivery numbers for March are due to be published on Tuesday and are expected to show customers took less than half of a previous consensus estimate of 46 planes as the groundings prevented flights. An estimate for March last week from another brokerage, Baird, was as low as 19 planes. Yet Wall Street has been slow to draw conclusions about what that means for how many 737 MAX aircraft Boeing will deliver to customers this year and how many it will have to keep on its own books — even after announcing on Friday it will cut production ...
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