Undelivered 737 Max

Saudi arabian carrier Flyadeal has become the latest airline to cancel its order of the still-grounded Boeing 737 Max jets.

The airline, which signed a commitment to order 30 Boeing 737 Max jets last year - almost the same time Nigeria's Air Peace signed a mega deal with the Aircraft maker, will now take delivery of 30 Airbus A320neo jets instead.

The Airbus planes, ordered by its parent company Saudi Arabian Airlines at the Paris Air Show in June, are scheduled to be delivered in 2021.

The airline said:
“This order will result in flyadeal operating an all-Airbus A320 fleet in the future”

Boeing also added in a statement:
“We understand that flyadeal will not finalise its commitment to the 737 MAX at this time given the airline’s schedule requirements”.

According to Boeing, the provisional order, which included additional purchasing options for 20 Max jets, was worth $5.9 billion (about ₦2.1 trillion naira) at list prices.

Earlier this year, Indonesian airline Garuda canceled a multibillion-dollar order for 737 Max 8 jets saying "Our passengers have lost confidence to fly with the Max 8".

This move is another blow to Boeing, which has struggled to regain trust after its 737 Max jets were involved in two fatal crashes.

Before the crashes, the 737 MAX was the fastest-selling airplane in Boeing history, accumulating more than 4,700 orders from 102 customers worldwide.

https://autojosh.com/saudi-arabias-flyadeal-drops-2-1-trillion-worth-boeing-737-max-order-for-airbus-a320neo-jets/

Cc Lalasticlala Mynd44

Great

Just like dropping Toyota Camry for Toyota tiny light

This must be hard on Boeing stocks

UnitedAlliance:
This must be hard on Boeing stocks

An avalanche type of hole in their stocks and finances ..............

Good for them