FOX Business’ Jackie DeAngelis offers insight into Boeing’s 737 MAX-positive test flight and says the company went up Monday.
Boeing Co won its first order for the groundbreaking 737 MAX aircraft this year, after Poland’s Enter Air SA agreed to buy a maximum of four variants of the jet, the US planner said on Wednesday.
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The jet’s recertification hangs in the balance for more than a year after its worldwide collapse due to two fatal accidents, and the planner’s misery has been fueled by the crisis in the coronavirus affecting air travel.
| Ticker | Security | Last | Change | Change% |
|---|---|---|---|---|
| BA | BOEINGBEDRIJF | 169.27 | -0.96 | -0.56% |
Boeing customers have canceled more than 400 orders for the 737 MAX jets this year, the company said last week. Due to a tighter accounting standard, the 737 MAX order cancellations and conversions to other aircraft models now stand at 864.
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The planner said on Wednesday that Enter Air had placed a new order for two 737-8 aircraft with options for two more jets. If the purchase contract is fully executed, Enter Air’s 737 MAX fleet will increase to 10 aircraft, Boeing said.
“While it’s significant because it’s the first MAX order since December 2019, it’s a small order … (Enter Air) is likely to be a major discount,” said S&P Global Ratings analyst Chris DeNicolo.
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Enter Air said it had reached a deal with Boeing to address the impact of the 737 MAX ground directions, and would delay deliveries of previously ordered MAX aircraft following weak demand for air travel.
“After the strict controls that the 737 MAX undergoes, I am convinced that it will be the best aircraft in the world for many years to come,” said Enter board member Grzegorz Polaniecki.
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The carrier took deliveries of two 737 MAX aircraft in 2018 and currently has four unfinished orders for the jet.
Boeing shares were up 1% at $ 171.60.
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