Boeing says 141 jet orders in limbo amid war in Ukraine
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A reflection of an Aeroflot Boeing 777-30ER aircraft at Sheremetyevo International Airport, Moscow, Russia is seen in a puddle.
Reuters
Boeing CoOn Tuesday, the company placed orders for 141 aircrafts in accounting limbo as a result of the conflict in Ukraine and the international sanctions against Russia. It no longer anticipates that the planes will be delivered.
Boeing revealed the adjustments to its monthly order and delivery data, which also indicated that 41 aircraft had been delivered to customers by March.
It delivered 34 of its cash-cow, single-aisle 737 MAX single jets as well as two 767 freighters monthly. FedEx CorpA 777 Freighter is also available. China Airlines.
The 41 March deliveries — nearly double the 22 it delivered in February and up from 29 a year ago — reflect rebounding travel and pandemic-driven cargo demand. Boeing stated that year-to-date deliveries total 95 aircraft.
Boeing is still working on repairs and inspections to the 787 Dreamliner twin-aisle aircraft that have been delayed by problems in production for over a year.
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 reports that the order total rose to 145 after removing cases in which customers cancelled orders or switched models.
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 involved 141 aircraft being removed from the backlog because of the conflict in Ukraine. This has led to international sanctions against Russia, and has ruined Ukraine’s aviation industry.
Boeing claimed that the bulk of orders were placed for Russian or Ukrainian carriers. These orders included mainly its 737 MAX plane family, but more than a dozen of its 777 widebody and 787 models.
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, Avolon, or its CIT subsidiary.
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