Boeing 737 MAX: wave of cancellations hits
CHICAGO - In January, Boeing (NYSE:BA) booked no orders and also had to process no cancellations. February was different, as Boeing saw a wave of cancellations hitting the Boeing 737 MAX. We saw some cancellations last year as well. However, most of them were not driven by the Boeing 737 MAX crisis but by a key customer ceasing operations. As we go forward, more and more cancellations could occur, and they will increasingly be driven by the MAX crisis. In this report, we have a look at the customers cancelling their Boeing 737 MAX orders during the month and whether they did make any additional moves, reports Dhierin Bechai for Seeking Alpha. Continue reading original article.
The Intelligent Aerospace take:
March 25, 2020 -Bechai's piece for Seeking Alpha concludes that canceling orders "might actually be beneficial for all parties involved." Bechai says that the cancellations will reduce cash liabilities for the aerospace giant and some carriers are opting for different models. The carriers who are opting to outright cancel orders without fees.
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Jamie Whitney, Associate Editor
Intelligent Aerospace