The recent Boeing Co (NYSE:BA) 737 Max 9 fiasco could have a significant impact on the entire U.S. economy, according to aviation expert Mike Boyd.
What Happened: Boyd, the president of Boyd International, in an interview with Yahoo! Finance, warned that the repercussions of the Jan. 5 incident involving an Alaska Airlines flight could be far-reaching. The incident, which saw the door of a 737 Max 9 aircraft blow out, led to the grounding of all 737 Max 9 planes.
“They’re going to be materially delayed. They’re out of the program for the coming year. That’s going to be a big hit for them because they don’t have anything to replace those,” Boyd said.
“We’re going to be looking at a very bumpy year because these airlines, a number of them, aren’t going to have enough airplanes to put into the sky.”
Although the inspected Max 9 jets have been cleared for flying, safety concerns surrounding Boeing’s planes could lead to significant delays for airlines with existing 737 aircraft orders. This could result in a turbulent year for airlines, with potential disruptions to travel and air freight services.
Boyd highlighted the potential impact on large cities such as Chicago and Seattle, as well as the broader effects on companies and suppliers reliant on air freight. He emphasized that the fallout from the Alaska incident could have widespread effects ...