Boeing is sued for US$336 million over canceled 737 MAX order
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April 23, 2020 - by Jonathan Stempel for reuters.com
Reuters) - Boeing Co (BA.N) was sued for $336 million on Wednesday by a Kuwaiti leasing company that accused it of wrongly refusing to return advance payments on a now-canceled order for 40 of its troubled 737 MAX planes.
In a complaint filed in Chicago federal court, ALAFCO Aviation Lease and Finance Co (ALAF.KW) accused Boeing of breach of contract for keeping the payments despite being unable to deliver the planes or provide a revised delivery schedule.
ALAFCO said it canceled its order on March 6 after Boeing failed...
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