Boeing Sued by Kuwaiti Aviation Over $336 Million 737 MAX Jet Order [Yahoo! Finance News]
Boeing Company (The) (BA)
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Source: Yahoo! Finance News
Boeing Co BAAlafco Aviation had canceled the plane order March 6 after the aerospace company allegedly failed to deliver the aircraft on time, according to media reports.The delivery of the order was expected be received in March 2010, Alafco Aviation said in a lawsuit filed Wednesday in federal court in Chicago.The failure to deliver the planes, “and the circumstances in which they have occurred, substantially impair the value of the purchase agreement as a whole,” Alafco said in the lawsuit. “Accordingly, Alafco has canceled its 737 Max aircraft orders and requested return of all advance payments.”The lawsuit is the latest blow to the aerospace company, which has seen shares plunging almost 60% this year. The stock slid 1% to close at $134.97 in U.S. trading on Wednesday.This week Boeing agreed with China Development Bank CDB) Financial Leasing Co. to cancel the purchase of 29 undelivered 737 MAX jets. The move came after the grounding of 737 MAX aircraft by aviation authorities wor
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News
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website