Boeing: Lost 1 trillion yen contract: Norwegian Air Shuttle cancels all 110 aircraft
Boeing:
July 1, 2020
Norwegian company has discontinued the purchase of Boeing aircraft.
Cheap Airlines: Norway Air Shuttle
Notified Boeing, a major US aircraft company, to cancel all remaining 97 jet purchase contracts.
The reason is “prolonged 737 MAX flight suspension measures and engine problem of 787 Dreamliner”.
Norwegian Air Shuttle announced that it could not agree on reasonable compensation for its negotiations with Boeing.
Based on the undiscounted list price, terminated contracts are worth at least $10.6 billion.
In the US stock market on the morning of 30th, Boeing’s stock price temporarily dropped by more than 7%.
Bloomberg
https://www.bloomberg.co.jp/news/articles/2020-06-30/QCQRAKDWLU6H01
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In more bad news for Boeing’s best-selling jet,
BOC Aviation Ltd
Singapore-based BOC Aviation Ltd. said in a filing
Tuesday it was canceling orders for 30 Max and postponing some deliveries.
It’s the latest large aircraft lessor to pare orders as Boeing revises its delivery schedule to match much lower-than-anticipated 737 production.
Alafco Aviation Lease and Finance Co.
Kuwaiti lessor Alafco Aviation Lease and Finance Co.
sued Boeing earlier this year, seeking to scrap an order for 40 Max
and reclaim the $336 million it said it had paid in advance for the aircraft.
Norwegian Air
also sued in state court in Chicago Tuesday to have a judge bless its cancellation of the Boeing order.