Boeing is sued for $336 mln over canceled 737 MAX order [Reuters (UK)]
Boeing Company (The) (BA)
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Source: Reuters
Boeing is sued for $336 million over canceled 737 MAX order - Reuters 2 Min Read (Reuters) - Boeing Co ( BA.N ) was sued for $336 million on Wednesday by a Kuwaiti leasing company that accused it of wrongly refusing to return advance payments on a now-canceled order for 40 of its troubled 737 MAX planes. In a complaint filed in Chicago federal court, ALAFCO Aviation Lease and Finance Co ( ALAF.KW ) accused Boeing of breach of contract for keeping the payments despite being unable to deliver the planes or provide a revised delivery schedule. ALAFCO said it canceled its order on March 6 after Boeing failed to deliver nine aircraft on time. It said Boeing has resisted its claim that the problems amounted to a “non-excusable delay” that would justify repayment. Boeing did not immediately respond to requests for comment. The Chicago-based company suspended 737 MAX deliveries in March 2019, when the Federal Aviation Administration grounded the aircraft following the deaths of 346 people
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BA
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BA
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- 12/3/25 - Form 4
- 12/3/25 - Form 4
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- BA's page on the SEC website