Boeing Co was sued for $336 million on Wednesday by a Kuwaiti leasing company that accused it of wrongly refusing to return advance payments on a now-canceled order for 40 of its troubled 737 MAX planes.
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo
In a complaint filed in Chicago federal court, ALAFCO Aviation Lease and Finance Co accused Boeing of breach of contract for keeping the payments despite being unable to deliver the planes or provide a revised delivery schedule. Boeing is now also struggling with the coronavirus pandemic, which forced it to cut production because of falling demand, airline customers’ own cash struggles, and the logistical hurdles of delivering aircraft.
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