Boeing 737 MAX grounding likely to have minimal impact on SIA – for now: CGS-CIMB

SINGAPORE (Mar 19): SilkAir, the regional wing of Singapore Airlines (SIA), has grounded six of its Boeing 737 MAX 8 jets following the crash of an Ethiopian Airlines flight last week – the second fatal accident involving the best-selling Boeing aircraft in less than five months.

But even as the B-737 MAX fleet accounts for some 16% of SilkAir’s total seat capacity, analysts say the net impact of their grounding – which is unlikely to be lifted until at least May this year – is nowhere that significant.

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