Boeing reports more 737 MAX cancelations as CEO offers grim outlook

AFP

2020/05/13 | 345 words | LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY

Boeing reported another round of 737 MAX cancelations Tuesday as the company's CEO warned the industry downturn in the wake of the coronavirus pandemic could force a major airline out of business.Data on the aviation giant's website showed 108 orders for the 737 MAX were canceled in April, and Boeing also downgraded contracts for another 101 of the planes, an accounting move that lowered its backlog to below 5,000 planes for the first time since 2013 and indicated weakening demand for its ai...(…)

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