Boeing 737 MAX cancellations top 350 planes in first half of 2020

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Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage ...

FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, US Jul 1, 2019. REUTERS: Boeing customers cancelled orders for 355 of its 737 MAX jets in the first half of 2020, the US planemaker said on Tuesday , as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.

Deliveries are financially important to planemakers because airlines pay most of the purchase price when they actually receive the aircraft. The June cancellations came from aircraft-leasing firms, including US-based Aviation Capital, Dublin-based Avolon, and Singapore's BOC Aviation, which respectively scrubbed 5, 17 and 30 orders for the 737 MAX.Romanian carrier Blue Air also cancelled six 737 MAX orders, with another two 737 MAX orders halted by unidentified customers.

 

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