Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330neo [Reuters]
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Source: Reuters
Leasing company Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330s DUBLIN (Reuters) - Aircraft lessor Avolon on Friday announced the cancellation of an order for 75 Boeing ( BA.N ) 737 MAX planes that were due to be delivered by 2023, saying it was adjusting its order book to the disruption caused by the coronavirus pandemic. Boeing confirmed the cancellation, which it said was the result of a mutual agreement following ongoing conversations with Avolon regarding their 737 MAX portfolio and the impacts from the past year since the jet’s grounding. Industry sources said it followed lengthy negotiations over MAX compensation that were accelerated by the coronavirus crisis. Avolon, the world’s third-biggest lessor of commercial jets, said it had also rescheduled a further 16 MAX aircraft from 2020-2023 to 2024 or beyond, but it remained committed to the MAX aircraft. Boeing said Avolon now has orders for 55 MAX jets. Avolon signed the deal for the 75 MAX planes in 2017 and an
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