Boeing loses mega order for 737 Max aircraft

2019-07-07 at 19:40

Flyadeal, the low-cost Saudi Arabian airline, has cancelled an order for 30 Boeing 737 Max aircraft.

The decision follows the crashes of two 737 Max jets, the first in Indonesia in October followed by one in Ethiopia in March, which killed 346 people.

Since then the aircraft has been grounded and Boeing has been working on a fix that will satisfy regulators.

Boeing said that flyadeal had decided not go ahead with the provisional order because of “schedule requirements”.

The deal, which included an additional option to purchase 20 more 737 Max aircraft, was worth $5.9bn at list prices.

Instead the airline, which is controlled by state-owned Saudi Arabian Airlines, will operate a fleet of Airbus A320 planes.

Meanwhile, last week Boeing announced that it would give $100m to help families affected by the two crashes.