Boeing Company (BA)

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Boeing Books 46 Cancellations Including More MAX Jets
Date : 03/11/2020 @ 11:29AM
Source : Dow Jones News
Stock : Boeing Co (BA)
Quote : 199.6892 -31.3208 (-13.56%) @ 1:47PM


By Doug Cameron
Boeing Co. reported 46 canceled jet orders for February, including 11 737 MAX planes for Air Canada and moves by other carriers to switch from the grounded aircraft to other planes.

The aerospace giant also booked new orders for 18 planes, resulting in a net loss of 28 orders.

Boeing lost more than 200 MAX orders last year, though it still has a backlog of around 4,500 jets. The MAX has been grounded since March 2019 following the second of two fatal crashes that together claimed 346 lives. Boeing halted production of the MAX in January.

Air Canada has 24 MAX jets in its fleet. The airline had planned to expand its fleet to 50, but its order book has been trimmed by 11, Boeing said on Wednesday.

Some customers have also swapped out the MAX for orders of wide-body jets. Air Lease Corp. last month agreed to take a third batch of 787 Dreamliners to replace some of its 135 outstanding MAX orders. Oman Air also swapped out an order for 10 MAX jets for four 787s.

Boeing reported cancellations for four 787s last month but booked net orders for 13 of the jets.

The company delivered 17 planes last month, including a dozen 787s, one 777, three 767s and a single military version of the 737.

Write to Doug Cameron at [e-mail]


(END) Dow Jones Newswires