UPDATE 2-GE aircraft leasing unit cancels 69 737 MAX orders [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
GE aircraft leasing unit cancels 69 737 MAX orders (Reuters) - General Electric Co’s ( GE.N ) aircraft leasing subsidiary on Friday canceled 69 orders for Boeing Co’s ( BA.N ) grounded 737 MAX jets as it evaluates its order book during the coronavirus pandemic, the latest setback for the U.S. planemaker. The unit, GECAS, maintains 29 MAX aircraft in its fleet and has an additional 82 jets still on order from Boeing, it said. Demand for airplanes has taken a beating as the pandemic has brought air travel to a virtual halt, forcing several airlines to defer deliveries of planes to a later date. Boeing halted production of the MAX in January after two fatal crashes in five months forced the plane’s grounding in March 2019. Boeing has said it hopes to win approval from the U.S. Federal Aviation Administration to return the plane to service in mid-2020. “Today’s agreement will help GECAS better align our available fleet with the needs of our global customer base,” Greg Conlon, chief ex
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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