Icelandair cuts back 737 Max order as part of final settlement

Icelandair Group is cutting four Boeing 737 Max jets from its order commitment and revising deliveries of the remaining six as part of a final settlement with the airframer over Max disruption. The company has detailed the settlement after concluding a series of agreements with creditors and stakeholders essential for proceeding with its financial restructuring measures. Icelandair already has six 737 Max 8s and 9s, delivered before last year’s grounding of the type, part of an order for 16. But it says the settlement with Boeing – which mostly remains confidential – reduces its purchase commitment by four aircraft, and reschedules deliveries of the outstanding six. The six aircraft will be delivered from the second quarter of 2021 to the first quarter of 2022.<br/>