Aircraft leasing company BOC Aviation said on Tuesday it had cancelled an order for 30 Boeing 737 MAX planes although its chief executive remained confident in the jet which has been grounded for more than a year.
) 737 MAX planes although its chief executive remained confident in the jet which has been grounded for more than a year.
BOC is the latest lessor to strike deals with Boeing to cancel 737 MAX orders as the jet remains grounded pending regulatory approval following two crashes. “It became clear to us that the best way for us to support the MAX and other Boeing products is by us doing purchase-and-leasebacks during this period and these replaced a number of direct orders we had,” Martin said.
Although Boeing appears keen to avoid a snowball effect of cancellations, analysts say the two sets of 737 MAX announcements are different. In return, Boeing is seen willing to let lessors lighten commitments amid the heightened risk of the coronavirus crisis.
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