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Saddest record for Boeing since the 1970's oil crisis



Boeing delivered only seventy commercial jets in the first half of this year due to the corona crisis and the problems with the 737 MAX



14.Jul.20 6:25 PM
By Shawn Highstraw
Photo toinnov.com

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Saddest record for Boeing since the 1970's oil crisis
Boeing delivered only seventy commercial jets in the first half of this year due to the corona crisis and the problems with the 737 MAX. That is 71 percent less than a year ago. In the second quarter it was only about twenty delivered devices, according to American media the lowest number in a quarter since 1977.

Due to the corona crisis, Boeing factories were temporarily closed and produced less. Customers also canceled orders or asked for orders to be postponed because the demand for air travel has collapsed. This puts pressure on Boeing's finances, which already reported red numbers in the first quarter and will publish its second quarter results later this month. Deliveries are an important indicator for the group, as airlines typically pay most of the purchase price when they actually receive an airplane.

Another concern is the rapidly increasing number of cancellations of the 737 MAX. As many as 355 orders were withdrawn for that aircraft between January and June. Because the problem device has been on the ground for more than a year for safety reasons, buyers are allowed to cancel orders without any consequences. After two fatalities in a short time, the MAX was banned from the air in March 2019.



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