Fresh Blow for Boeing as China Leasing Firm Scraps Max Order
- Chinese customer cancels order for 29 of the narrow-body jets
- Setbacks keep coming for Boeing as it works to restart output
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China Development Bank Financial Leasing Co. canceled an order for 29 Boeing Co. 737 Max planes, worth at least $2.9 billion based on list prices, joining a growing list of customers scaling back plans for buying the grounded jet.
The move cuts the company’s outstanding Max order to 70, it said in a statement to the Hong Kong stock exchange Monday. The 737 Max 10s still on order will be converted to smaller Max 8 aircraft, while the delivery of 20 jets will be deferred to between 2024 and 2026, the company said.