The impact on airline operations and airfares in Asia from the grounding of Boeing 737 Max jets has been largely muted so far, but could worsen from 2Q19 due to a seasonal pick-up in travel demand, Fitch Ratings says. Delays in the delivery of 737 Max planes, in case the re-certification process for the jet is prolonged, could allow some airlines to improve their balance sheets. India’s SpiceJet, Indonesia’s Lion Air, Singapore-based SilkAir and Fiji Airways were among the Asian carriers operating 737 MAX planes at the time of grounding and these jets form around 10% or more of their
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