: Apr 23, 2020 -
: 4:25 am
ALAFCO Aviation Lease and Finance Co, a Kuwaiti leasing company, has sued Boeing for US$336 million accusing it of wrongly refusing to return advance payments on a now-canceled order for 40 of its troubled 737 MAX planes.
In a complaint filed in Chicago federal court, ALAFCO accused Boeing of breach of contract for keeping the payments despite being unable to deliver the planes or provide a revised delivery schedule, stated a Reuters report.
ALAFCO said it canceled its order on March 6 after Boeing failed to deliver nine aircraft on time. It said Boeing has resisted its claim that the problems amounted to a “non-excusable delay” that would justify repayment.
Boeing suspended 737 Max deliveries in March 2019, when the Federal Aviation Administration grounded the aircraft following the deaths of 346 people in crashes of two 737 Max planes operated by Lion Air and Ethiopian Airlines.
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.
Copyright 2023. GBP. All Rights Reserved.