Garuda Indonesia Seeks to Cancel $4.8 Billion Boeing Max Order

  • Carrier lost confidence in Boeing’s model after crashes: CEO
  • Garuda seeks talks with Boeing to discuss cancellation
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Indonesia’s flag carrier wants to cancel its orderBloomberg Terminal for 49 Boeing 737 Max 8 jets after the airline lost confidence in the model following two crashes, according to President Director I Gusti Ngurah Askhara Danadiputra.

PT Garuda Indonesia has sought talks with Boeing Co. on the cancellation plan, Danadiputra said in a text message on Thursday. The airline, which had ordered 50 Max 8 jets in 2014, has taken delivery of just one aircraft, which has been grounded after the Ethiopian Airlines crash on Sunday. The planes were to be delivered through 2030, Danadiputra said.