Houston — US jet fuel demand has so far shown no impact from the US Federal Aviation Administration's grounding of the Boeing Max fleet of aircraft, sources said Thursday.
"Don't think so," a jet fuel market analyst said when asked if there's been a demand impact so far in the US. "It's a small number of planes, and any flights that American or Southwest cancel, they will have to cover through either their own fleet or other airlines. Then they're reimbursed by Boeing for the incremental cost."
Platts Analytics had estimated global jet fuel demand could fall by as much as 85,000 b/d, or 1.3% of global demand, after the FAA grounded the Boeing 737 Max aircraft on March 13.
The FAA, along with other aviation regulatory organizations around the globe, is in the midst of an ongoing investigation of the aircraft and its systems following the crashes of Lion Air flight 601 and Ethiopian Airlines flight 302.
Boeing is currently working on a change to the system software for the Max aircraft, the company announced in a statement Thursday.
"The preliminary report [for the Ethiopian Airways crash] contains flight data recorder information indicating the airplane had an erroneous angle of attack sensor input that activated the Maneuvering Characteristics Augmentation System function during the flight, as it had during the Lion Air 610 flight," the statement said. "To ensure unintended MCAS activation will not occur again, Boeing has developed and is planning to release a software update to MCAS and an associated comprehensive pilot training and supplementary education program for the 737 MAX."
The FAA announced Thursday that it was assisting in the ongoing Ethiopian Civil Aviation Authority investigation and was working toward a full understanding of all aspects of this accident. "As we learn more about the accident and findings become available, we will take appropriate action," the FAA statement said.
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