Boeing orders slip below 5,000 on MAX cancellations
Boeing said Tuesday that its jetliner order book slipped below 5,000 for the first time in seven years as customers cancelled more deals for 737 MAX jets. The aerospace giant scrubbed another 108 MAX jets from its backlog and downgraded the status of deals for another 101 planes because of airlines’ weakening financial health in the wake of the coronavirus pandemic. It didn’t lose any deals for larger wide-body aircraft. Boeing’s report came as CE David Calhoun painted a dire near-term outlook for the airline industry, saying growth wouldn’t likely return to 2019 levels for three to five years. “There will definitely be adjustments that have to be made on the part of the airlines,” Calhoun said. Airport temperature checks, onboard mask requirements and other safety measures will help reassure passengers as they look to resume flying, Calhoun said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-05-13/general/boeing-orders-slip-below-5-000-on-max-cancellations
https://portal.staralliance.com/cms/logo.png
Boeing orders slip below 5,000 on MAX cancellations
Boeing said Tuesday that its jetliner order book slipped below 5,000 for the first time in seven years as customers cancelled more deals for 737 MAX jets. The aerospace giant scrubbed another 108 MAX jets from its backlog and downgraded the status of deals for another 101 planes because of airlines’ weakening financial health in the wake of the coronavirus pandemic. It didn’t lose any deals for larger wide-body aircraft. Boeing’s report came as CE David Calhoun painted a dire near-term outlook for the airline industry, saying growth wouldn’t likely return to 2019 levels for three to five years. “There will definitely be adjustments that have to be made on the part of the airlines,” Calhoun said. Airport temperature checks, onboard mask requirements and other safety measures will help reassure passengers as they look to resume flying, Calhoun said.<br/>
