The Boeing 737 MAX grounding is having little measurable influence on aftermarket spending, largely because demand for lift is so strong that MRO providers already had nearly-full pipelines, a Canaccord Genuity analysis concludes.

“Even before the MAX grounding, airlines had been increasing spending on older assets as fuel prices remained relatively low and traffic demand remained high”, Canaccord analyst Ken Herbert wrote in a July 22 research note. Airlines lost 380 MAXs overnight when regulators grounded the fleet in mid-March. Boeing is working to upgrade MAX flight control software and develop new training to address issues spotlighted in probes of two fatal accidents in five months. Even if MAX deliveries resume by yearend, Canaccord does not expect Boeing to clear its backlog until well into 2021, assuming a delivery rate of 70 aircraft per month.

Collected and summarized from the source below by Minh Pham  https://www.mro-network.com/maintenance-repair-overhaul/canaccord-max-grounding-not-driving-mro-surge