Eric M. Johnson

SEATTLE, (Reuters) – Boeing Co (NYSE:) Co moved Tuesday’s orders for 141 planes into accounting limbo as a result of the conflict in Ukraine and the international sanctions against Russia. It no longer expects these jets to arrive.

Boeing announced the correction to its order backlog, based on monthly orders and deliveries data. It also revealed that it delivered 41 jets in March to customers.

Monthly deliveries included 34 cash-cow, single-aisle 737 MAX jets and two FedEx Corp 767 freighters (NYSE:). A 777 freighter was also delivered to China Airlines.

It delivered 41 cargo aircraft in March, nearly twice the number of 22 that it shipped in February. This is a reflection on rebounding travel and increased pandemic-driven demand for cargo. Boeing reported that 95 of its year-to date deliveries were achieved.

Boeing continues to inspect and repair the twin-aisle Dreamliners that were delayed due to production issues for more than one year, but deliveries are still frozen.

Boeing placed 53 orders in March while customers cancelled orders for 15. Boeing said it had 38 orders after subtracting canceled orders from swapped models.

Boeing stated that Boeing orders increased to 167, up from 114 in the initial three months. Chicago-based Boeing said that its orders rose from 107 to 145 when it took out orders cancelled by customers or models swapped.

Boeing stated that net orders fell to 76 after accounting for any deals not expected to lead to actual delivery.

Boeing’s total order backlog dropped to 4,231 from its previous 4,375.

Boeing stated that the accounting adjustment included the removal of 141 aircraft from its backlog because of the conflict in Ukraine. This has led to international sanctions against Russia, and has ruined Ukraine’s aviation industry.

Boeing stated that most orders in question are for Russian and Ukrainian airlines. Although the orders were mostly for Boeing’s 737 MAX, more than a dozen widebody 777 and 787 planes were involved.

In March, 15 orders were cancelled by buyers, including one 737 MAX ordered for Aviation Capital Group and 11 737 MAX purchased for another buyer. One 787-9 Dreamliner was also cancelled for Air China (OTC) as well as leasing company Avolon and its CIT subsidiary.