With the 737 Max jet nonetheless grounded after two lethal crashes, deliveries of latest Boeing jets are falling far behind final yr’s tempo.
Boeing mentioned Tuesday that it delivered 30 industrial airliners throughout Might, down 56% from the 68 it made in Might 2018.
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Deliveries of 737s plummeted from 47 a yr in the past to only eight final month. All eight had been an older mannequin of 737, name the NG.
Boeing remains to be constructing Max jets in Washington state, however they’re being parked for now.
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The Chicago-based firm has four,550 unfilled orders for the Max however stopped deliveries after regulators around the globe grounded the airplane following crashes in Indonesia and Ethiopia that killed 346 individuals. It’s engaged on adjustments to flight-control software program implicated within the crashes.
Boeing reported a cancelled order for 71 Max planes that had been to be leased to Jet Airways till the financially struggling Indian provider suspended all flights in April.
Boeing has not reported different giant cancellations regardless of the Max’s grounding.
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Orders for all Boeing airways had been “anemic” in Might however needs to be higher at subsequent week’s Paris air present, mentioned Cowen Analysis aerospace analyst Cai von Rumohr.
Shares of Boeing fell $four.47, or 1.three%, to shut at $349.33 on Tuesday. They’ve dropped 21% since early March, shortly earlier than the second Max crash.
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