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Boeing scores first new 737 Max orders since November

Thursday, 20 August 2020 1:29 AM [ Last Update: Thursday, 20 August 2020 1:29 AM ]

Boeing on Wednesday said it scored the first orders for its beleaguered 737 Max planes since November, selling two of them to a Polish charter airline with options to buy two more.

Enter Air, an all-Boeing airline, and Boeing also reached a settlement over the grounding of the 737 Max, which has been out of service worldwide since March 2019 after two crashes killed 346 people. The companies didn’t disclose the terms of the deal but said it would include deferring deliveries.

“We are humbled by Enter Air’s commitment to the Boeing 737 family,” said Ihssane Mounir, Boeing’s senior vice president of commercial sales and marketing, in a news release.

Enter Air’s orders for the Max aircraft won’t make much of a dent in Boeing’s troubles this year. Customers’ cancellations of aircraft have outpaced new sales for the past six months as airlines grapple with both the extended grounding of the Max planes and as the coronavirus pandemic devastated air travel demand.

Through July, Boeing had net negative orders of 836 planes, including aircraft the company took out of its backlog.

Boeing shares were down 0.4% in afternoon trading and have fallen nearly 48% so far this year.

Source: CNBC

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