Boeing hives off 210 orders after Jet halts operations

Boeing removed 210 aircraft from its order backlog to reflect concerns about customer credit quality and took an impairment at its Boeing Capital financing unit Wednesday. The planemaker did not disclose the name of the airline involved but the move came days after India's Jet Airways halted operations after lenders rejected a plea for emergency funds. The order adjustment pushed Boeing net orders into negative territory up to the end of March, with a total of minus 119 net orders despite a slew of wide-body orders in Europe and Asia. Under recent changes in accounting rules, Boeing hives off orders that do not meet its criteria for recognising revenue into a separate category, while holding onto contractual claims. <br/>