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Boeing's Max Crisis Meets Coronavirus
The aerospace giant’s cash cushion is under strain just when it needs it the most.
The coronavirus outbreak will make it that much harder for Boeing to dig out of a crisis that’s grounded its best-selling plane.
Photographer: David Ryder/Getty Images North America
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Boeing Co.’s 737 Max crisis has entered a new phase.
Wednesday brought the revelation that Air Canada is cutting its order for the grounded plane by 18%, marking a major cancellation by a large Western airline in the wake of two fatal crashes and a much-prolonged return to service. This likely won’t be the last: Airlines’ cancellation options increase when a plane has been idled for a year, and the Max is coming up on that anniversary this week.