China Aircraft Leasing says no change to Boeing 737 MAX order

China Aircraft Leasing Group Holdings Tuesday said it has not put its order for 100 Boeing Co 737 MAX jets on hold, rebutting an earlier report by the South China Morning Post. The SCMP attributed its information to comments from CALC Chairman Chen Shuang. The Hong Kong-listed lessor said Chen was misquoted. More than 300 Boeing 737 MAX jets have been grounded worldwide after nearly 350 people died in crashes in Indonesia in October and in Ethiopia last month. Boeing has also frozen deliveries of the 737 MAX planes as aviation authorities investigate the causes behind both disasters, with the company so far saying that an erroneous activation of so-called MCAS anti-stall software was “a common link” between the two. The Hong Kong-based newspaper later on Tuesday updated its story to quote CALC CE Mike Poon as saying the company had not stopped payment, but as deliveries were on hold, it did not need to make any payment for the time being. A spokeswoman for CALC told Reuters that Poon was referring to Boeing’s overall suspension of deliveries to airlines. “Our company currently does not have plans to change our Boeing aircraft orders,” she said.<br/>
Reuters
https://www.reuters.com/article/us-boeing-orders-china/china-aircraft-leasing-says-no-change-to-boeing-737-max-order-idUSKCN1RL087
4/9/19