Boeing records zero new 737 Max orders after global groundings GlobeBusiness
LINDSEY WASSON/Reuters
Total orders, an indication of future demand, fell to 95 aircraft in the first quarter from 180 a year earlier, suggesting a wait-and-watch approach for airlines as Boeing rides out the worst crisis in its history.Still, Boeing is ahead of its European rival Airbus, which last week said it had won 62 gross orders during the first three months of 2019 but some 120 cancellations left it with a negative net order.
It is still unclear when the Max jets will fly again, with global regulators including China saying they would join a U.S. Federal Aviation Administration panel to review the aircraft’s safety. Goldman Sachs said it does not expect Boeing to deliver any Maxs in the second quarter and said it was difficult to expect Max orders at the upcoming Paris Air Show in June.The latest variant of Boeing’s 737 family, which makes up the bulk of its narrow-body production, has been viewed as the likely workhorse for global airlines for decades and central to Boeing’s long-running battle against Airbus.
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