News

Boeing hit with 43 737 MAX cancellations, no new orders in July

August 11, 2020 11:29 PM


Boeing on Tuesday reported another 43 cancelled orders for the troubled 737 MAX in July and, with global aviation in a pandemic-imposed slump, the aerospace giant failed to secure new orders for any aircraft last month.

According to a monthly report, the aircraft manufacturer this year has been hit with 398 cancellations for the 737 MAX, which has been grounded since March 2019 following two deadly crashes.

Boeing delivered just four aircraft in July, two 787 Dreamliners to Air France-KLM and Turkish Airlines, as well as two cargo planes, compared to 19 in the same month of 2019. The delivery rate is key since that is when the manufacturer receives most of the price of the plane.

The company resumed some assembly activity on the MAX in May after halting work for a few months, but has slowed plans to ramp-up production amid the continuing impact of COVID-19, while lowering the output plans for the 777 and the 787 jets.

The manufacturer has been making strides towards getting the MAX certified to fly again, with test flights in late June, but authorities have not yet given the green light and Boeing is not expected to resume deliveries until the fourth quarter at the earliest.

Boeing also warned last month that it will have to lay off even more workers than the 16,000 job cuts announced in April.

 

 



Most Read

  1. Yet another burden on people: Govt hikes oil prices Yet another burden on people: Govt hikes oil prices
  2. Public reacts to Bohemia's music video ‘Salsa’ starring Sistrology Public reacts to Bohemia's music video ‘Salsa’ starring Sistrology
  3. Saudis offered PIA, airports, joint ventures to build five-star hotels Saudis offered PIA, airports, joint ventures to build five-star hotels
  4. Finance minister rules out further rupee devaluation Finance minister rules out further rupee devaluation
  5. Post-mortem report says woman’s death caused by her falling off train Post-mortem report says woman’s death caused by her falling off train
  6. Hamari Mulaqat: Bushra Ansari opens up about divorce and 2nd marriage to Iqbal Hussain Hamari Mulaqat: Bushra Ansari opens up about divorce and 2nd marriage to Iqbal Hussain

Opinion

  1. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  2. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  3. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  4. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  5. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  6. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer