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Key Boeing Customer Announces Further Cuts to 737 Max Order

Lou Whiteman, The Motley Fool
·2-min read
Key Boeing Customer Announces Further Cuts to 737 Max Order

Aircraft leasing company AerCap (NYSE: AER) said Thursday it has canceled 15 additional orders for Boeing (NYSE: BA) 737 Max jets as it prepares to deal with an expected slowing in demand for new planes due to the COVID-19 pandemic. AerCap, which is in the business of buying planes from manufacturers and leasing them to airlines, has been reworking its order book in response to pandemic-related travel declines. The company announced Thursday that it has an agreement in place with Boeing to further restructure its order, including the cancellation of 15 737 Max planes.

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