Boeing Orders Fall to 16-Year Low
January 14 2020 - 11:40AM
Dow Jones News
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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