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Boeing announces dramatic Q1 cancellations

written by Sandy Milne | April 15, 2020

The former KLM Boeing 747-400 being repainted in Corendon livery. (Corendon Hotels)
The former KLM Boeing 747-400 being repainted in Corendon livery. (Corendon Hotels)

A new Boeing report reveals a drastic drop in commercial and defence deliveries for the first quarter of 2020.

Unsurprisingly, figures were down due to the effects of the COVID-19 outbreak but they also paint a grim picture for the troubled 737 MAX.

Once the company’s bestselling aircraft, just five of the grounded narrow-body were delivered in Q1 2020, compared with 89 in the same quarter of last year.

In total, just 50 aircraft were delivered over the first three months of the calendar year. Most of these were 787 Dreamliners, which have so far managed to avoid the brunt of travel restrictions.

Over that same period, no 747s were delivered, as major airlines around the world continue to phase the model out.

First-quarter deliveries. (Source: Boeing)

Reuters reported that the US planemaker lost out on 150 MAX orders in March alone. Cancellations came from Irish leasing company Avolon, as well as Brazil’s GOL Airlines.

According to other outlets, including CNBC, this brings net cancellations for Q1 to a total of 307 planes.

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“We are working closely with our customers, many of whom are facing significant financial pressures, to review their fleet plans and make adjustments where appropriate,” Boeing said in a statement. “At the same time, Boeing continues to adjust its order book to adapt to lower-than-planned 737 MAX production in the near term.”

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