737 MAX updates

Due to recent news and market feedback, we are again revising our 737 MAX delivery backlog based on the following new logic:

We believe that production may restart in May 2020, but starting at a low rate and reaching a rate of 42 per month by end of year.
We believe that deliveries may restart in July 2020 and potentially reach 70 per month by end of the year. We estimate there will be 330 deliveries this year – of which at least 154 will be from the fleet currently in storage.
2021 – we now estimate 745 deliveries in this year and all the stored aircraft will be cleared by November 2021.
2022 – we now estimate 604 deliveries in this year and for Boeing to reach a production rate of 52 per month late in the year.
2023 – we now estimate 674 deliveries in this year and for Boeing to reach a production rate of 57 per month.