Max crisis: Boeing sees lowest orders in decades

American Airlines 737 MAX

American Airlines is pushing out the Boeing 737 MAX return to June 2020

Boeing on Tuesday reported a net negative of 183 orders for the 737 MAX in 2019 including cancellations, but many were associated with the collapse of a major customer, India's Jet Airways Ltd.

In a note today, the research house said Malaysia Airlines chose to suspend the delivery of 25 Boeing 737 MAX jets amidst the aircraft's delayed return to service.

"We now think we will get it in March or April this year, looks more like April than March, and we think we will get up to 10 Max aircraft", Mr Jacobs said.

Norwegian Air Shuttle ASA said previous year its Dublin-based leasing subsidiary had reached an agreement with Boeing to postpone delivery of 14 737 MAX planes that were originally due in 2020 and 2021.

The Trump administration said China agreed to buy $77.7 billion (60 billion pounds) in manufactured goods over two years, including aircraft, but did not disclose how much would be in new planes.

Aviation industry sources said Boeing was expected to win a major order for wide-body jets from China, including its 787 or 777-9 models, or a mixture of both.

On Sunday, U.S. Treasury Secretary Steven Mnuchin told Fox News Sunday that "There's no question that the Boeing situation is going to slow down the GDP numbers".

A bright spot for the Chicago-based plane maker was a record number of deliveries of 787 Dreamliners in the last three months of 2019.

"Assuming that Malaysia Airlines will not replace these Boeing 737 MAX deliveries, other airlines particularly AirAsia [are] set to benefit by capturing the capacity".

Boeing had also announced via a statement on December 17 a year ago said that the suspension of the production of the MAX would begin in January 2020.

Trump said he had no doubt that Boeing's new chief executive officer David Calhoun, would be able to turn things around.

Orders for the Max have been dented amid uncertainty over when regulators will finally clear the plane to resume flights.

"We're proud that Boeing airplanes will continue to be a part of this valued relationship", Calhoun said.

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