Boeing loses more 737 MAX orders, eyes jet's U.S. return but Europe tariffs loom

By Eric M. Johnson SEATTLE (Reuters) - Boeing Co lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday.

Reuters November 11, 2020 00:06:58 IST
Boeing loses more 737 MAX orders, eyes jet's U.S. return but Europe tariffs loom

Boeing loses more 737 MAX orders eyes jets US return but Europe tariffs loom

By Eric M. Johnson

SEATTLE (Reuters) - Boeing Co lost another 12 orders for its grounded 737 MAX jetliner in October, and delivered 13 aircraft to customers, down from the 20 jets delivered in the same month a year ago, company data showed on Tuesday.

For the second straight month, the closely watched monthly snapshot revealed 787 Dreamliner quality flaws and the coronavirus pandemic kept hampering Boeing's efforts to develop an alternative cash cow to the 737 MAX.

The U.S. Federal Aviation Administration (FAA) appeared about a week away from lifting a March 2019 safety ban, although the pandemic kept hammering demand for jets from Boeing and European rival Airbus.

Airbus sold 11 jets last month and booked 72 jet deliveries, easing concerns over a cash-depleting overhang of unwanted jets.

The European Union's decision to impose tariffs of 15% on Boeing planes this week could hobble its jet deliveries in Europe.

Boeing said it lost orders for four 737 MAX jets from China Development Bank Financial Leasing Co, one from Czech Airlines owner Smartwings, three from Oman Air, and four from an undisclosed buyer or buyers.

Canceled MAX orders, including those where buyers converted to a different model, was 448 jets - and 460 for all jets across Boeing's portfolio, Boeing said.

For 2020 through October, the number of MAX orders canceled, or removed from Boeing's official backlog when it applies stricter accounting standards, stood at 1,043 aircraft.

For deliveries - a key metric since customers hand over most of the money at the time they pick up new aircraft - Boeing handed over 13 twin-aisle jets in October, compared to 20 a year earlier and 10 in September.

That brings total deliveries to 111 aircraft in the 10 months through October 2020, down from 321 for the same period a year ago.

The October delivery tally included one P-8 maritime patrol aircraft, one 747 and three 767 freighters to United Parcel Service, two 777 freighters to China Cargo Airlines, one 777 to German logistics company DHL, and one 777-300ER to Dubai-headquartered Novus Aviation Capital, Boeing said.

Boeing also delivered four 787s in October: one 787-8 to American Airlines, one 787-9 to Leasing giant AerCap, one 787-10 to Abu Dhabi's Etihad Airways, and one 787-10 Saudi Arabian Airlines.

(Reporting by Eric M. Johnson in Seattle; editing by Jane Wardell and David Gregorio)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

The forces fighting in Ethiopia's Tigray conflict
World

The forces fighting in Ethiopia's Tigray conflict

ADDIS ABABA/NAIROBI (Reuters) - Ethiopia's military is fighting battle-hardened troops in the northern Tigray region, threatening stability around the Horn of Africa. Here are some facts on the forces: THE NATIONAL MILITARY: THE ENDF The Ethiopian National Defence Force (ENDF) has around 140,000 active personnel, the vast majority of them in the army, according to the Janes security data group. Its troops have been tested by Islamist militants in Somalia and rebel groups in Ethiopia's border regions, as well as a two-year border war with Eritrea followed by an 18-year standoff that only ended in 2018.

Turkey to impose measures to combat coronavirus, Erdogan says
World

Turkey to impose measures to combat coronavirus, Erdogan says

ISTANBUL (Reuters) - Turkey's President Tayyip Erdogan said on Tuesday that the government will impose tighter measures to fight with the coronavirus and impose partial lockdowns on weekends across the country. Speaking after the cabinet meeting, Erdogan also said all schools will remain closed until the year-end and all restaurants will only work by delivery

Brazil to track illegal Amazon wood exports using isotopes, president says
World

Brazil to track illegal Amazon wood exports using isotopes, president says

BRASILIA (Reuters) - Brazilian President Jair Bolsonaro said on Tuesday his government in coming days will name countries that are importing wood illegally extracted from the Amazon. Addressing a BRICS summit of big developing economies, Bolsonaro said Brazilian police had developed a way of tracking wood exported from the Amazon using isotopes.