Aircraft lessor Avolon announced that it cancelled commitments to acquire an additional 27 of Boeing Co.’s (BA) 737 MAX aircraft after already cancelling 75 of the planes in the first quarter of the year.In addition, Avolon scrapped the commitment to acquire one of Airbus Group’s (EADSF) A330 neo aircraft due to be delivered in 2022 and deferred the delivery of 3 A320 neo family aircraft from 2020/21 to 2022.Boeing’s 737 MAX aircraft have been grounded since March 2019 following a second deadly crash. The plane maker has recently started flight tests of the 737 MAX to try and receive regulatory …read more
Source:: Yahoo Finance
