Boeing got hit with a new wave of cancelled plane orders
The flood of cancelled Boeing plane orders has returned. The company reported Tuesday that 60 orders were canceled in June, mostly by aircraft leasing companies. It's not as bad as the 150 orders cancelled in March and 108 in April. But after seeing cancelled orders plummet in May to only 18 cancellations, June's 60 cancellations were a move in the wrong direction. Boeing also dropped an additional 123 planes from its backlog of orders because it no longer can be certain those orders will be filled. Some of that uncertainty is due to the financial condition of an airline customer. But counted among those tenuous orders are 97 planes that Norwegian Air Shuttle says it has cancelled, but which Boeing has yet to acknowledge in its cancellation total. Fortunately for Boeing it still has more than 4,500 jets in its backlog, enough to keep its factories working for years to come. But the June results mean Boeing has 843 canceled or uncertain orders in 2020, compared to only 59 new orders. On the other side of the ledger, it could count only one new order in the month -- for a 767 freighter destined for FedEx (FDX).<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-07-15/general/boeing-got-hit-with-a-new-wave-of-cancelled-plane-orders
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Boeing got hit with a new wave of cancelled plane orders
The flood of cancelled Boeing plane orders has returned. The company reported Tuesday that 60 orders were canceled in June, mostly by aircraft leasing companies. It's not as bad as the 150 orders cancelled in March and 108 in April. But after seeing cancelled orders plummet in May to only 18 cancellations, June's 60 cancellations were a move in the wrong direction. Boeing also dropped an additional 123 planes from its backlog of orders because it no longer can be certain those orders will be filled. Some of that uncertainty is due to the financial condition of an airline customer. But counted among those tenuous orders are 97 planes that Norwegian Air Shuttle says it has cancelled, but which Boeing has yet to acknowledge in its cancellation total. Fortunately for Boeing it still has more than 4,500 jets in its backlog, enough to keep its factories working for years to come. But the June results mean Boeing has 843 canceled or uncertain orders in 2020, compared to only 59 new orders. On the other side of the ledger, it could count only one new order in the month -- for a 767 freighter destined for FedEx (FDX).<br/>
