Boeing Co lost another 43 orders for its grounded 737 MAX planes in July, bringing the total cancellations for the jet this year to 398, while delivering only four of its other aircraft to customers, monthly numbers showed on Tuesday.
FILE PHOTO: American Airlines 737 Max passenger planes are parked on the tarmac at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick Oxford
Based on a tighter accounting standard, Boeing said order cancellations now stand at 857 for the MAX, whose recertification is still hanging in the balance more than a year after its worldwide grounding due to two fatal crashes. Airlines pay most of the purchase price when they take delivery of an aircraft, so the lack of deliveries is a direct hit to a planemaker’s revenue.
Fresh 737 MAX cancellations last month were by Canada Jetlines, which struck off five orders, Avolon scrapped two orders and a business jet customer canceled one order.
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