Boeing Takes Another Hit as Norwegian Air Cancels 97 Jets
The COVID-19 pandemic is wreaking havoc on Boeing as more orders are cancelled for its jets due to airline companies’ financial woes. Norwegian Air recently cancelled all of its unfilled jet orders from the aerospace giant, which includes 92 737 Max jets and five 787 Dreamliners, according to CNN.
U.S. airlines in April expected a $113 billion loss because of the coronavirus, which caused a sharp drop in air travel. But CNN reported that financial problems at Norwegian began before the pandemic hit as the airline sought debt restructuring in September 2019.
Norwegian was one of Boeing’s largest customers and the aerospace company said it is still in discussions with the airline about its order. “We are not going to comment on commercial discussions with our customers,” Boeing said. “Norwegian Air is a long-standing Boeing customer. As with many operators dealing with a very challenging time, we are working on a path forward.”
Boeing has had 322 orders for planes cancelled since the pandemic began impacting air travel in February. In mid-April, the company had only delivered 50 commercial airplanes in first quarter 2020, compared to 149 commercial aircrafts in first quarter 2019, according to MarketWatch.