Kuwaiti aircraft leasing company Alafco will buy fewer aircraft from Boeing after reaching an agreement to end its legal claim over a cancelled 737 MAX order, it said on Tuesday.
Alafco was suing the U.S. planemaker for US$336 million over accusations it wrongly refused to return advance payments on a cancelled order for 40 of its troubled 737 MAX planes.The Kuwaiti lessor will now buy 20 aircraft from Boeing, instead of 40, with new delivery dates, it said in a bourse filing.Alafco said it was"looking forward to a long-lasting and mutually beneficial relationship with Boeing.
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