GE Aircraft Leasing Unit Cancels 69 737 MAX Orders
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April 17, 2020 - by David Shepardson, Ankit Ajmera
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 move comes days after Boeing posted 150 737 MAX cancellations in March, including 75 previously reported from Irish leasing company Avolon.
The remaining 75 cancellations were from buyers including Brazil's GOL (GOLL4.SA)...