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Boeing Reports More 737 MAX Cancellations, Deliveries Fall | Investing News

SEATTLE (Reuters) – Boeing Co

lost another three orders for its grounded 737 MAX jetliner in September, and delivered 11 total aircraft to customers, less than half the number from the same month a year ago, company data showed on Tuesday.

The closely watched monthly snapshot also shows that quality flaws on the 787 Dreamliner continue to hamper efforts to develop an alternative cash cow to the 737 MAX, grounded after two fatal crashes in 2018 and 2019.

As Boeing works to win regulatory approval, potentially early next month, to fly the 737 MAX again in the United States, the coronavirus pandemic continues to hurt demand for jets from both Boeing and European rival Airbus

.

Boeing said it lost orders for two 737 MAX jets from leasing company BOC Aviation and another jet from an unidentified customer in September. That brings the total number of canceled MAX orders, including those where buyers converted one type of jet to a different model, to 436 jets, Boeing said.

Cancellations of all jet models stood at 448 for the year.

On the delivery side, Boeing handed to airline customers 10 twin-aisle jets in September, down from 25 a year earlier and 12 in August.

That brings total deliveries to 98 for the first nine months of 2020, down from 301 aircraft for the same period a year ago.

Deliveries are a closely watched metric for investors since airlines hand over the bulk of the money for an order when they pick up their planes at Boeing.

The September delivery tally included one P-8 maritime patrol aircraft, and three freighters: one 747 to United Parcel Service

, one 767 to FedEx Corp

and one 777 to Lufthansa Cargo, Boeing said.

It also included seven 787 Dreamliner jets: one for leasing company AerCap Holdings

, three for United Airlines

, two for Turkish Airlines and one 787-10 to Taiwan’s EVA Air, the planemaker said.

(Reporting by Eric M. Johnson in Seattle; Editing by Matthew Lewis)

Copyright 2020 Thomson Reuters.

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