GE Capital Aviation cancels order for 69 Boeing 737 MAX
Topics: GE CAPITAL AVIATION BOEING
The move is seen as part of a mutually agreed rebalance by the lessor during the pandemic crisis.
Although Boeing still has an outstanding order for 82 MAX 737s from GECAS, which currently has 29 within its fleet.
Boeing is due to restart its MAX production line this week, with employees operating on staggered shifts in order to provide as much social distancing as possible.
“We have had ongoing conversations with GECAS regarding their 737 MAX portfolio and the impacts from the past year,” said Boeing in a statement.
“We have come to an agreement with GECAS to restructure their MAX order book.
In light of the coronavirus pandemic, this adjustment helps to balance supply and demand with market realities, especially in the leasing channel." ■