Analysis by George Ferguson at Bloomberg Intelligence shows that airlines are using the issues around the 737 Max as an excuse to cancel excess orders. Bloomberg remains confident that the Boeing Max aircraft will be deemed safe after minor modifications, pointing to the confidence of Southwest, Ryanair, Chinese airlines and lessors in the aircraft type. “A number of carriers in Asia have over-ordered, in our opinion, committing to more aircraft than were needed in their fleet. We believe these airlines are most likely to try to get out of the backlog, especially as escalation clauses have increased the cost of

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