Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

Another sign of Boeing’s predicament is the fact that canceled sales outweighed falling orders in April.

Boeing announced Tuesday that it received orders for seven planes last month, which is an exceptionally low figure. That wasn’t enough to overcome canceled sales for 33 planes, 29 of which were due to the closure of Lynx Air, a cheap Canadian airline that ceased operations in late February.

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Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

As expected, deliveries of new Boeing jetliners were low, at 24 in April, putting the American company further behind its European rival Airbus.

In the first four months of the year, Airbus delivered 203 commercial jets, compared to 107 for Boeing. Deliveries are a key source of cash for businesses.

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Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

The Federal Aviation Administration is halting the construction of new Boeing 737 Max jets as the firm works to enhance manufacturing quality.

The production halt came when a piece known as a door plug burst out of an Alaska Airlines 737 Max shortly after takeoff from Portland, Oregon, in January. The pilots were able to safely land the plane, but the incident has plunged Boeing into its most serious crisis since the fatal crashes of two Max jets in 2018 and 2019.

Current and former Boeing employees have accused the firm of cutting corners on safety, and the FAA, National Transportation Safety Board, and Justice Department are all looking into the matter.

Independent: VOR News Image

Boeing Orders Tumble As Troubled Aircraft Maker Struggles To Overcome Its Latest Crisis

While Boeing’s April results were disappointing, the company said it achieved a milestone last month when it delivered the 1,500th 737 Max to Ireland’s Ryanair.

SOURCE – (AP)