Lessors credit profiles not impacted by 737 Max 9 grounding, Morningstar DBRS

Morningstar DBRS believes that the temporary grounding of certain Boeing 737 MAX 9 aircraft on January 6, 2024 by the US Federal Aviation Administration (FAA) will not have any meaningful credit impact on aircraft lessors. The directive followed an emergency landing by an Alaska Airline flight where the 737 MAX 9 door plug blew out shortly after takeoff. Immediate inspections followed the incident and subsequent grounding of the aircraft. While this raises issues for Boeing’s plans to increase its 737 MAX production after concerns surrounding the production and safety of the aircraft line had been established prior, DBRS believes the