Money Makers Mentor

Boeing Loses More 737 MAX Orders; EU Tariffs Arise

Boeing Co (BA) lost 12 orders for its grounded 737 MAX jetliner in October and delivered 13 aircraft to customers. This is down from the 20 jets delivered in the month last year, according to company data on Nov. 10.

For the second consecutive month, data showed that 787 Dreamliner quality flaws and the coronavirus pandemic hurt Boeing’s efforts to develop another financial boon besides the 737 MAX.

The U.S. Federal Aviation Administration (FAA) appeared close to lifting a March 2019 safety ban. However, the pandemic kept stifling demand for jets from Boeing and European rival Airbus (AIR.PA).

Airbus sold 11 jets in October and booked 72 jet deliveries. This has eased concerns over a cash-depleting surplus of unwanted jets.

EU Tariffs Impact

The European Union’s decision to…

Leave A Reply

Your email address will not be published.