Home- Commercial Aviation-More Pain for Boeing as Avolon Cuts Max Order

More Pain for Boeing as Avolon Cuts Max Order

Dublin-based aircraft lessor Avolon has canceled an order for another 27 Boeing 737 Max jets scheduled for delivery between 2020 and 2022. The company has nine MAx jets currently in its fleet.

The decision follows an earlier cancellation by Avolon in the first quarter involving 75 Max narrowbodies, leaving unfilled orders for 55 jets.

During the second quarter, Avolon has also cancelled an order for a single Airbus A330neo due for delivery in 2022. It has also deferred delivery of three A320neos from 2020/21 to 2022.

“Q2 was a challenging period for the aviation sector as Covid-19 impacted the industry on an unprecedented global scale, bringing with it continued uncertainty around the pace and timing of a recovery,” said Avolon CEO Dómhnal Slattery. “The months ahead will be difficult, but we have the experience and balance sheet to manage through these headwinds.

“More significantly, we have reduced our near-term commitments by over 140 aircraft since the start of the year.,” Slattery said. “These actions provide us with the capital strength to manage through this market backdrop and to support our customers through the recovery.”

More Stories

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.

Popular Posts

Copyright 2020. GBP. All Rights Reserved.

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us