Boeing net orders slump to lowest in decades – The National

  • Date: 15-Jan-2020
  • Source: The National
  • Sector:Defense
  • Country:UAE
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Boeing net orders slump to lowest in decades – The National

The US manufacturer has a backlog of more than 5,400 orders. Boeing reported its worst annual net orders in decades on Tuesday, along with its lowest numbers for plane deliveries in 11 years, as the grounding of its 737 Max jet saw it fall far behind main competitor Airbus.. Allowing for cancellations and changes to earlier orders, Chicago-based Boeing said it had received just 54 new orders for planes in 2019 and delivered less than half as many as a year earlier, losing the top spot to its European rival for the first time in eight years.. Boeing said unidentified customers canceled orders for three 787-9s in December and another customer canceled an order for a 787-8.. Ten months after the Max was grounded following a pair of fatal crashes linked to its MCAS anti-stall system, Boeing still has a backlog of more than 5,400 orders for its long- and short-distance commercial jets.. By comparison, Airbus said earlier this month it racked up a net 768 orders last year after cancellations and delivered a record 863 planes.. Boeing said on Tuesday deliveries fell by 53 per cent to 380 planes over the whole of last year, as the Max's grounding