Boeing’s decision to introduce a 737 MAX with next-generation General Electric engines should not immediately dilute lease rates on current generation 737NG when it enters service in 2017. But values of the older jets could decline as much as 35% after 2020 as the MAX becomes a larger share of the installed base. That is the conclusion of an analysis by Bank of America Merrill Lynch analyst Ronald Epstein, who examined order trends, production rates and deliveries for the old 737 Classic ...


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