Boeing reportedly received no new orders last month, a troubling sign for the aviation giant as it tries to rebound from 2 deadly 737 Max crashes
- Boeing reportedly received no new orders for planes in April, which could signal trouble for the company as it tries to rebound after a series of deadly crashes this year.
- According to CNN, the company issued a report on Tuesday which revealed that it did not receive any new orders for its 737 Max jets nor its other popular aircrafts like the 787 Dreamliner or the 777 last month.
- The airplane manufacturer's sales have slumped in the wake of the fatal Ethiopian Airlines crash which killed 157 people, and last year's Lion Air crash which killed 189 people. Both crashes involved 737 MAX planes.
- The company says it has lost at least $1 billion since the deadly crashes.
Boeing received no new orders for planes in April, according to CNN, which could signal trouble for the company as it tries to rebound after two deadly crashes in less than a year.
The report follows Boeing's revelation in its first-quarter data that it did not receive any new orders for its troubled 737 Max planes in March, and also the decline in deliveries of all 737 models - including the older 737-800.According to CNN, the company said in a report released on Tuesday that it did not receive any new orders for its 737 Max jets nor its other popular aircrafts like the 787 Dreamliner or the 777 last month.
The only orders Boeing reported for April were four 737 Max jets that were previously sold to Boeing capital, it said. CNN reported that Boeing did not count those planes as "new orders."
Bloomberg reported that the company's sales total for this year dropped by 171 aircraft in April, a reflection of the company adjusting its order books in response to the temporary suspension of all flights by Indian budget carrier Jet Airways, a major buyer of Boeing planes.
The Mumbai-based airline, which announced a $1.2 billion debt last month, had deals for 200 of the 737 Max planes, Bloomberg said.
Boeing's sales have slumped in the wake of the fatal Ethiopian Airlines crash which involved a 737 Max plane. 157 people died in the March 10 accident.
The incident came under six months after another Boeing 737 Max plane operated by Indonesia's Lion Air crashed into the Java Sea, killing 189 people. Countries and airlines were quick to distance themselves as investigations into the Ethiopian Airlines crash revealed faulty sensors likely contributed to both fatal accidents.On Sunday, a Boeing 737-800 plane operated by Delta Airlines made an emergency landing after experiencing "a possible mechanical issue." No injuries were reported, and passengers were diverted to another aircraft.
Boeing has admitted it has lost at least $1 billion since the deadly crashes and said it can't predict how much worse the future financial impact of the incidents will be. It also said its core profits fell 21% in the first three months of 2019 compared to the same period last year.
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