Boeing 737 (MAX) news

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The aircraft leasing subsidiary of General Electric, GECAS, said on Friday it was cancelling 69 orders for Boeing’s grounded 737 MAX jets.

GECAS maintains 29 MAX aircraft in its fleet and 82 on order, the company said.

Source: Reuters
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More 737 MAX order cancellations: CDB Aviation Lease Finance, a subsidiary of the China Development Bank, cancels an order for 29 Boeing 737MAX aircraft. CDB also said that all B737 MAX 10 still on order will be switched to the MAX 8, and 20 deliveries will be deferred to dates in 2024-26.
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United Airlines to sell 16 Boeing 737 MAX 9 to Bank of China Aviation.
I'm Thibault Lapers, spotter in Belgium for now 3 years, but not yet across the world and a huuuuuge aviation geek ! Join me on Facebook & Twitter @TLspotting

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TLspotting wrote:
21 Apr 2020, 20:23
United Airlines to sell 16 Boeing 737 MAX 9 to Bank of China Aviation.
... and lease back!
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The coronavirus pandemic is expected to prolong regulatory approval for the troubled Boeing 737 MAX, which has been grounded since March 2019. The 737 MAX isn’t likely to win FAA approval to fly again until August or later.

https://www.wsj.com/articles/boeing-737 ... 1587726000
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Boeing is once again pushing back the time frame for when it expects to have the B737 MAX recertified for flight as the coronavirus pandemic hinders progress. The plane is unlikely to be given the green light until late summer.

Boeing proxy advisers recommend shareholders vote against key board members, including Chairman Larry Kellner, at the General Assembly to protest the plane maker’s handling of the B737 MAX debacle.
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Boeing faces criminal and civil scrutiny into years of widespread quality-control lapses on its B737 MAX assembly line, potentially exposing the planemaker to greater legal liability than previously anticipated.

Southwest Airlines is in the process of revising its aircraft order book with Boeing and will continue partnering with Boeing on a sensible delivery schedule for the B737 MAX. The carrier currently expects the MAX to be removed through the end of 30 October 2020, while evaluating the need to temporarily remove or retire additional aircraft from its fleet.
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Boeing says the B737 MAX aircraft production will resume at low rates in 2020 as timing and conditions of return to service are better understood and gradually increase to 31 per month during 2021, with further gradual increases to correspond with market demand. The estimated abnormal production costs from the temporary suspension of 737 MAX to total approximately US$5 billion.

Southwest Airlines
has received an initial US$428 million cash payment from Boeing for B737 MAX compensation. Further compensation may be limited.

Southwest says its revised agreement with Boeing allows it to take no more than 48 aircraft through the end of 2021. The carrier expects to receive fewer than the 27 B737 MAX that it was previously planning for 2020. Southwest also reduced its contractual deliveries with Boeing by at least 59 aircraft or roughly half for 2020-21, excluding the 16 leased aircraft with third parties,
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British Airways could close its London Gatwick base, raising questions about the 200 B737 MAX to be delivered between 2023-2027. The LOI is still valid.
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The best American aviation reporter Dominic Gates (and 3 colleagues) of the Seattle Times got the Pulitzer Prize, the highest honour in American journalism, for their coverage of the 737MAX debacle. And the story is not over yet...
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AerCap (a lessor from Ireland) expects to incur future delays on its scheduled B737 MAX deliveries. Certain of its B737 MAX leases have now been cancelled, and it expects additional leases to be cancelled in the future. AerCap holds the right to cancel its corresponding orders for delivery of those aircraft.
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sn26567 wrote:
05 May 2020, 23:47
AerCap (a lessor from Ireland) expects to incur future delays on its scheduled B737 MAX deliveries. Certain of its B737 MAX leases have now been cancelled, and it expects additional leases to be cancelled in the future. AerCap holds the right to cancel its corresponding orders for delivery of those aircraft.

AerCap obtained the deferral of deliveries of dozens of grounded B737 MAX from Boeing “on competitive terms”.

Spirit AeroSystems has reached an agreement with Boeing to deliver 125 B737 MAX shipsets to the planemaker in 2020, down from the 216 it had previously announced.
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Air Lease is talking to Boeing about deferring or cancelling some B737 MAX jets on a case-by-case basis now that several are over a year late, triggering get-out clauses.
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Customers cancelled orders for 108 Boeing 737 MAXs last month. And Boeing removed a further 99 MAX orders that had previously been booked from the official backlog.

https://www.seattletimes.com/business/b ... s-deepens/
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GOL will receive US$412 million from Boeing as compensation for the grounding of the B737 MAX plane.

Knowing that GOL has 8 stored 737 Max aircraft and 12 on order, TUI fly Belgium has 4 stored and ... on order, thus should probably be able to get half of that amount or $206 million.
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Lessons learned from the 737 MAX tragedies:

The FAA adjusts its certification process but maintains Boeing’s central role in self-policing.

Delegation of certification work to Boeing is an "effective and efficient method to enhance safety.”

Says the FAA...

https://www.seattletimes.com/business/b ... wn-planes/
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Southwest Airlines hopes to get its grounded B737 MAX in the air by 4Q 2020, pending recertification.
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Air Canada may order the A321LR to replace the cancelled B737 MAX 9 order which was due to be delivered in the middle of the decade.
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Boeing restarts production of the still-grounded 737 MAX

On a day when Boeing announced more than 12,300 jobs cuts in the U.S., with almost 10,000 of those in Washington state, the company also chose to push the button on re-starting 737 MAX production.

Boeing still is hoping to win FAA clearance for the MAX in late summer or early fall and will slowly ramp up from Wednesday’s restart of the assembly line to be ready.

https://www.seattletimes.com/business/b ... _inset_1.1
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TUI Group has agreed with Boeing to compensate for the financial damage caused by flight bans on B737 MAX aircraft. TUI also gets credit for future orders. In addition, both parties have agreed to a revised delivery schedule for the 61 B737 MAX on order.

https://www.aviation24.be/tour-operator ... g-impacts/
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