Boeing lost 150 Max jet orders in March
The cancellations for Boeing's best-selling aircraft, which has been grounded since last year after fatal crashes, follow weak demand for air travel as majority of airlines across the world have halted their operations to stop the spread of the virus.
Boeing reportedly said, "We are working closely with our customers, many of whom are facing significant financial pressures, to review their fleet plans and make adjustments where appropriate. At the same time, Boeing continues to adjust its order book to adapt to lower-than-planned 737 MAX production in the near term."
Irish aircraft leasing firm Avolon cancelled orders for 75 additional 737 Max jets, and Brazilian carrier GOL scrapped its order for 34. Further, Lufthansa subsidiary SmartWings cancelled orders for five jets, while the details of the other 36 jet orders were not known.
In the month of February, Boeing had reported 41 order cancellations. In the first three months till March 31, Boeing has removed 314 737 jets from its order list.
Meanwhile, the company received 31 orders for jets in March, including 18 for military aircraft.
Boeing still has a backlog of 5,049 orders, including 4,079 orders for the Max jets. ■