Malaysia Airlines stops taking deliveries of Boeing MAX 737 jets

Nellie Chapman
January 16, 2020

The plane manufacturer said it had a net loss of 87 commercial planes after factoring in the likely loss of business with India's Jet Airways, which went bankrupt a year ago.

The Trump administration said China agreed to buy $77.7 billion (60 billion pounds) in manufactured goods over two years, including aircraft, but did not disclose how much would be in new planes.

The aircraft type has been banned from commercial operation since March previous year after two crashes in which 346 people were killed.

The firm's battle to contain the fallout after two fatal 737 Max crashes may mean it rushes a new plane into service to compete with rival Airbus's A320, analysts at Redburn said.

"As there is no clarity yet from various authorities on its return to service, our technical due diligence is still ongoing", Malaysia Airlines said. It did not disclose when it wanted the deliveries to resume.

However, the Seattle-based airframe maker said it would prioritise the delivery of stored aircraft. Last week, Boeing's biggest supplier, Spirit AeroSystems Holdings Inc SPR.N , said it plans to lay off more than 20% of its workforce in Wichita, Kansas.

Yup, 2019 was the second-hottest year on record
The years 2017, 2015, and 2018 followed closely behind in third, fourth, and fifth place, respectively, NOAA reported. And Boris Johnson says he wants the United Kingdom to lead the world on climate change .

Boeing apologised to MAB for the disruption.

U.S. President Donald Trump on Wednesday urged Boeing Co BA.N to move quickly to resolve issues with the grounded 737 MAX, noting the planemaker's significant impact on the U.S. economy.

"There is still no clear time for resolution", he responded when contaced by NST yesterday.

Airbus' victory was its first since 2011 and 10th since 1974, when the European company's A-300 jetliner made its commercial debut.

Boeing on Tuesday reported a net negative of 183 orders for the 737 MAX in 2019 including cancellations, but many were associated with the collapse of a major customer, India's Jet Airways Ltd.

Allowing for cancellations and changes to earlier orders, Boeing said it had received just 54 new orders for planes in 2019 and delivered less than half as many as a year earlier.

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