Leasing giant AerCap has reduced its order for Boeing's grounded 737 MAX aircraft by 15 planes, leaving it with 80 of the planes on order as regulators continue to review the 737 MAX's return after two fatal crashes.
) grounded 737 MAX aircraft by 15 planes, leaving it with 80 of the planes on order as regulators continue to review the 737 MAX’s return after two fatal crashes.
AerCap reached agreement with Boeing this month to restructure its order book as a result, it said on Wednesday. AerCap said some of its MAX leases have been cancelled by lessees with additional cancellations possible. In cases where lessees have the right to cancel, AerCap said it has the right to cancel corresponding delivery orders.
AerCap reported a fall in second quarter net income to $246 million from $331 million for the same period a year ago, primarily driven by lower basic lease rents and lower net gain on asset sales.
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