Boeing Orders Fall to 16-Year Low

Date : 01/14/2020 @ 4:40PM
Source : Dow Jones News
Stock : Airbus SE (AIR)
Quote : 136.06  1.82 (1.36%) @ 3:09PM
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Boeing Orders Fall to 16-Year Low

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By Doug Cameron and Benjamin Katz 

Boeing Co. said it delivered 380 jets in 2019, hundreds fewer than a year earlier, as the global grounding of the 737 MAX left the aerospace giant trailing arch rival Airbus SE.

Boeing said Tuesday that it delivered 35 jets in December, its highest count since March, when the MAX was grounded by regulators in the wake of two fatal crashes, forcing Boeing to halt further deliveries.

The company still has orders for around 4,500 of the planes, but has halted production because of uncertainty over when regulators might clear the plane to fly again, increasing the risk of airlines and leasing companies canceling existing deals.

Boeing logged a total of 246 new orders in 2019 for jets of all types, before cancellations and model swaps, the lowest number since 2003.

Boeing has already lost around 200 MAX orders because of cancellations -- most from India's collapsed Jet Airways -- or customers swapping for other jets.

Write to Doug Cameron at doug.cameron@wsj.com and Benjamin Katz at ben.katz@wsj.com

 

(END) Dow Jones Newswires

January 14, 2020 11:25 ET (16:25 GMT)

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