BOC Aviation cancels 30 Boeing 737 MAX but backs grounded jet

The lessor, which is based in Singapore and listed in Hong Kong, will also defer the delivery of some other Boeing 737 MAX aircraft, it said in a statement. BOC is the latest lessor to strike deals with Boeing to cancel 737 MAX orders as the jet remains grounded pending regulatory approval following two crashes. “We discussed with Boeing what is the best way to deploy our capital in a time like this because everyone realises this is not a short term downturn, it is a long one,” BOC Aviation Chief Executive Robert Martin told Reuters. …read more

Source:: Yahoo Finance