Boeing reported its worst annual net orders in decades as the grounding of its 737 MAX jet saw the planemaker fall far behind its main competitor Airbus
Boeing’s gross orders plunged 77% to 246 in 2019, while net orders after cancellations or conversions were just 54 airplanes compared with 893 the previous year.
Boeing said unidentified customers canceled orders for three 787-9s in December and another customer canceled an order for a 787-8. The aviation industry is seeing a slowdown in orders, as fears of an economic downturn linger and global economies slow amid an ongoing U.S.-China trade war. FILE PHOTO: Unpainted Boeing 737 MAX aircraft are seen parked in an aerial photo at Renton Municipal Airport near the Boeing Renton facility in Renton, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson
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