Key Boeing Customer Announces Further Cuts to 737 Max Order
Aircraft leasing company AerCap (NYSE: AER) said Thursday it has canceled 15 additional orders for Boeing (NYSE: BA) 737 Max jets as it prepares to deal with an expected slowing in demand for new planes due to the COVID-19 pandemic.
AerCap, which is in the business of buying planes from manufacturers and leasing them to airlines, has been reworking its order book in response to pandemic-related travel declines. In May, the company negotiated the deferral of 37 aircraft originally expected to be delivered in 2021 and 2022 to later years.
Image source: Boeing.
Source Fool.com
