You are here: Home » International » News » Companies
Business Standard

Boeing fails to sell single jetliner in Sept as company battles Covid slump

The company said Tuesday that three Max orders were canceled in September and it dropped orders for 48 more Max jets because of uncertainty about whether customers will be able to close the deals

Topics
Boeing | aircraft

AP  |  Washington 

Boeing to freeze hiring, overtime due to 737 MAX, virus impacts
The 737 Max was Boeing’s best-selling plane until it was grounded in March 2019 after two crashes that killed 346 people

failed to sell any airline planes last month and suffered more cancellations of a grounded jetliner, further evidence of the company's battle to overcome a drop in air travel during the pandemic and crashes involving the 737 Max.

The company said Tuesday that three Max orders were canceled in September and it dropped orders for 48 more Max jets because of uncertainty about whether customers will be able to close the deals.

has booked 67 orders so far this year, but it has suffered 448 cancellations for the Max and dropped another 602 orders from its backlog because the company isn't sure it can complete the sales with so many airlines in financial trouble.

The 737 Max was Boeing's best-selling plane until it was grounded in March 2019 after two crashes that killed 346 people. The company booked its first Max order last month from a Polish airline. hopes to win U.S. approval by year-end for the Max to return to service.

Boeing said it delivered 11 new commercial planes last month, mostly twin-aisle 787s, compared with 25 last September.

The company delivered 98 planes this year, through Sept. 30, compared with 301 in the same period of 2019. The decline in deliveries is crucial because Boeing gets the bulk of cash from sales when jets are delivered.

Chicago-based Boeing Co. has laid off thousands of workers this year. While it chose not to seek government pandemic-relief funds, the company has raised billions in private credit to get through the downturn.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 14 2020. 00:02 IST
RECOMMENDED FOR YOU
.