Lion Air, Garuda likely to stay with Boeing: Analysts

A technician prepares to check Garuda's grounded Boeing 737 Max 8 jet in Jakarta. Last month, the airline said that every month its B-737 Max 8 is laid up, it loses US$3 million.
A technician prepares to check Garuda's grounded Boeing 737 Max 8 jet in Jakarta. Last month, the airline said that every month its B-737 Max 8 is laid up, it loses US$3 million.PHOTO: REUTERS

Cancellation plans for Max jet a renegotiation bid, they say

Although Indonesia's low-cost carrier Lion Air and its full-service rival, Garuda Indonesia, have said they want out of their combined US$30 billion (S$40.6 billion) order for Boeing's stricken B-737 Max jetliner, analysts believe they will come around eventually.

Last month, regulators grounded the Max 8 and Max 9 versions in the aftermath of two crashes of the aircraft under similar circumstances in five months.

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A version of this article appeared in the print edition of The Straits Times on April 11, 2019, with the headline 'Lion Air, Garuda likely to stay with Boeing: Analysts'. Print Edition | Subscribe