Boeing's best-selling airplane has suffered quite a few blows over the past couple of years, and it looks like that's a likely pattern for the foreseeable future. On Tuesday, the company reported that its 737 Max jet had to cancel the distribution of another 75 planes in March, according to Reuters.
A total of 150 cancelations of the 737 Max were recorded for March, with Irish leasing company Avolon canceling its 75 orders. Brazil's GOL airline also canceled 34 of its 135 ordered 737 Max's.
Boeing 737 Max trying to get back to service
Brazil's GOL airline confirmed that it canceled 34 of its 737 Max planes and said it reached an agreement with Boeing on "cash compensation and changes to future orders and associated payment schedules."
"GOL remains fully committed to the 737 MAX as the core of its fleet and this agreement further enhances our successful long-term partnership with Boeing," explained GOL chief executive Paulo Kakinoff in a statement. The airline still has 95 firm orders for 737 MAX aircraft.
Boeing confirmed that it had delivered 50 of its 737 Max planes in the first quarter, however, that's down from 149 in the same time last year. Delivery disruptions, software updates and issues, and cancelations due to the coronavirus outbreak have not been assisting the airplane maker's plan to see its best selling plane back in service by mid-2020 following the jet's grounding since Spring last year after two fatal crashes.
It's not only Boeing that's suffering blows during the coronavirus outbreak. Its European rival, Airbus, has also had to cut production amid the pandemic due to declining demand, cash problems for airlines, and logistical issues in terms of deliveries.
BREAKING: Boeing customers cancelled a staggering 150 orders for its beleaguered 737 Max jets in March, bringing net cancellations for the first three months of the year to 307 planeshttps://t.co/MUqHC2qsIa— CNBC Now (@CNBCnow) April 14, 2020