Boeing has just updated its order book to reflect activity during the November term. After cancellations, transfers and adjustments to orders that appear unlikely to be filled, the Seattle-based aircraft maker lost a total of 28 orders in November. The troubled Boeing 737 MAX program suffered a total of 88 cancellations. If you put an order for 25 Boeing 737 MAX 10 aircraft into the equation, there would be a net total of 63 Boeing 737 MAX orders canceled in November.
As reported by Simple Flying on Tuesday, Virgin Australia Cancel a request Versus 48 Boeing 737 MAX jets in November. Instead, the airline has also placed a new order. An order for 38 Boeing 737 MAX 8 and 10 737 MAX 10 aircraft has gone. It is superseded by a new order for 25 Boeing 737 MAX 10 aircraft with deliveries slated to begin in mid-2023. This deal represents a net loss for Boeing of up to 23 orders.
Air Lease Corp is cutting further in its MAX orders
Los Angeles-based Air Lease Corporation has also canceled an order for 13 MAXs. Air Lease Corporation is a large Boeing customer, and it still has a 113 Boeing 737 MAXS on order. Air Lease Corporation is a large Boeing customer. However, throughout this year, it has continually refined orders for the 737 MAX, according to customer needs. At a third-quarter conference call in November, Air Lease Corporation CEO John Pleuger said;
For the MAXs we canceled, each was prepared on a case-by-case basis
After discussion with the airline and in line with our contractual rights to do so. “
In the files of October’s Quarterly Reports with the Securities and Exchange Commission, Air leasing company Made more comments about the 737 MAX.
Boeing’s ability to deliver the 737 MAX aircraft could be affected as a result of the COVID-19 pandemic. The company is currently in discussions with Boeing in relation to mitigating potential damage from grounding and delivery delays associated with the 737 MAX that the company owns or orders, which could lead to changes to the schedule of liabilities.
For the second time in 2020, Air Canada made the order for the 737 MAX
Another airline scaled back Max’s orders last month Canadian Aviation. It was the second time this year that Air Canada had taken the ax in a long-running 737 MAX order. The US $ 6.5 billion order dates back to 2014. At the time, Air Canada ordered 33 737 MAX 8 and 28737 MAX 9. There were also 18 options and 30 rights to purchase an additional 737 MAX.
“Our tight fleet renewal program with the 737 MAX is expected to achieve significant cost savings and is a key component of our ongoing cost transfer program” He said Kalin Rovinescu, President and CEO of Air Canada at the time of application.
The Montreal-based airline received 24 MAX 8s prior to the MAX shutdown. Earlier this year, Air Canada trimmed 11 of its aircraft Residual system. In November, another 10 MAXs were cut from demand. This leaves 16 max to be delivered. It is believed that 12 of those 16 aircraft have already been manufactured.
It’s not all bad news about the 737 MAX
Boeing did not name the customers who canceled the remaining 17 Boeing 737 MAX jets that shot down the order book during November. However, it’s not all bad news for the MAX. The aircraft was recently re-certified for flight in the United States. In addition, Irish company Ryanair placed a massive order for 75 MAX 8 jets, increasing its Boeing order book to 210. But Ryanair’s order came too late to influence the November numbers.
As noted, across the entire Boeing organization, the aircraft manufacturer lost a net total of 28 orders in November following cancellations, conversions and modifications. Only seven commercial aircraft were delivered in November, and one of them was a regular airliner.
What do you think? Will Boeing’s MAX cancellations drop now, as the plane is back in the air? Respond to comment and let us know.
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