85.1 F
Fort Worth
Saturday, September 26, 2020
- Advertisements -
Aviation Boeing: No orders, more cancellations for grounded 737 Max

Boeing: No orders, more cancellations for grounded 737 Max

Other News

Panel’s report blasts Boeing, FAA for crashes, seeks reforms

By TOM KRISHER AP Business Writer A House committee issued a scathing report Wednesday questioning whether Boeing and government...

Poll: Pandemic takes toll on mental health of young adults

By CHEYANNE MUMPHREY and JENNIFER SINCO KELLEHER Associated Press PHOENIX (AP) — The coronavirus pandemic has taken a harsh...

US marks 9/11 anniversary at tributes shadowed by virus

By KAREN MATTHEWS, MICHAEL R. SISAK and JENNIFER PELTZ Associated Press NEW YORK (AP) — Americans commemorated 9/11 on...

Amazon wins FAA approval to deliver packages by drone

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Getting an Amazon package delivered from the sky is...

Boeing sold no airline planes and customers canceled orders for 43 of its 737 Max jet last month as the aircraft maker continued to struggle with both the pandemic and the ongoing grounding of the Max after two deadly crashes.

Still, the cancellations reported Tuesday were down from 60 the month before. Boeing shares gained 3% in midday trading.

Between cancellations and orders that Boeing no longer considers certain — often because of the buyer’s fragile financial position — Boeing has lost more than 800 net orders so far this year.

The coronavirus pandemic has devastated air travel, leaving airlines with more planes than they need. On top of that, Boeing is still working to get approval from regulators in the United States and other countries to resume shipments of the 737 Max.

Last week, the Federal Aviation Administration provided the most detailed look yet at the design changes Boeing is making to get the plane back in service late this year or early in 2021.

With the cancellations and other orders now in jeopardy, Boeing’s backlog of unfilled orders fell below 4,500 airliners.

Boeing Co. delivered just four planes in July compared with 19 in the same month last year. That is a blow to Boeing’s ability to generate cash because airlines typically pay half or more of the purchase price when the plane is delivered.

- Advertisements -
- Advertisements -

Latest News

Southside Bancshares to ring NASDAQ opening bell on Monday, Sept. 28

Southside Bancshares Inc. (Nasdaq: SBSI), the holding company of Southside Bank, will ring the Nasdaq Opening Bell on Sept. 28, 2020 from...

New Master-Plan 1,000 home community set for Northlake

Taylor Morrison has announced The Ridge at Northlake, a new master-planned community located near Northlake in Denton County...

Mortgage rates tick up to 2.9%, remain at historic lows

By MATT OTT By The Associated Press SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose...

Mars drops Uncle Ben’s, reveals new name for rice brand

By ALEXANDRA OLSON AP Business WriterNEW YORK (AP) — The Uncle Ben's rice brand is getting a new name: Ben's Original.Parent firm...

Trump says new TikTok headquarters could land in Texas, but questions about the deal remain

By Dan Rosenzweig-Ziff, The Texas Tribune Sept. 22, 2020 "Trump says new TikTok headquarters...