Boeing 737 Max Rising Cancellations, Deliveries Decline As Covid-19 Crisis Drags On

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Boeing Company Customers scrubbed over 400 orders for the united states plane makers grounded 737 MAX jets in 2020, while the Co main aircraft deliveries dropped to only 4 in July as shown by the monthly numbers on Tuesday.

Boeing indicated that they had lost about 43 orders for the 737 MAX jet in July, which brought the overall number of canceled orders, including those that buyers converted the MAX to different models, to about 416 for 2020.

Depending on the tight accounting standards, Boeing said order conversions and cancellations now standing at 864 for 737 MAX, recertification for those that are still major points of concern over a year after its global grounding because of the two fatal crashes.

The four pending deliveries, one DHL 777 freighter, one FedEx 767 freighter, Turkish Airlines, and Air France 787 Dreamliner dropped from 2019, taking the total to about 74 aircrafts this year.

Boeing delivered a whopping 806 aircraft back in 2018 before the 737 MAX crisis emerged. The coronavirus pandemic has weakened demand for the latest Boeing jets as The U.S. Suggests a $1.25 Million Fine on Boeing for Pressuring Staff at Airplane Plant.

On Tuesday, Brokerage Jefferies stated that they expect Boeing to deliver about 138 airplanes in 2020, which was down from about 360 last year.

Boeing never won any new orders back in July and the cancellations included about 35 initial orders for 737 max by Alafco and AerCap, the aircraft lessors.

The new 737 MAX cancellations in July were by the Canadian Jetlines that struck off 5 orders, Avalon scrapped 2 previous orders and the business jet customer who canceled an order.

Furthermore, Boeing removed 9 737 MAX aircraft from the backlog to adjust for jets that were ordered over the years, but it’s highly unlikely that they would be delivered this year.

On a different note, Boeing stated that 52 orders were canceled in July, which brought the number of lost orders to about 836 for 2020 as of the end of July.

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