Boeing on Tuesday reported another 75 cancellations for its 737 Max jetliner in March, as the coronavirus crisis worsened disruptions from the grounding of its best-selling jet.
The US plane maker posted a total of 150 Max cancellations in March, including 75 previously reported from Irish leasing company Avolon.
New cancellations from buyers included 34 of 135 aircraft ordered by Brazil's Gol.
Gol confirmed the cancellations and said it reached agreement with Boeing on "cash compensation and changes to future orders and associated payment schedules".
"Gol remains fully committed to the 737 Max as the core of its fleet and this agreement further enhances our successful long-term partnership with Boeing," Gol chief executive Paulo Kakinoff said.
Gol now has 95 remaining firm orders for 737 Max aircraft.
The cancellations come as Boeing tries to untangle delivery commitments after halting output of the Max in January after delays in returning it to service.
Boeing shares closed down 4.3 per cent to $141, down $6.33.
Facing a 13-month freeze on deliveries of the Max and disruption to larger planes due to the coronavirus epidemic, Boeing said it handed over 50 planes in the first quarter, barely a third of the 149 from a year earlier.
That was the lowest since 1984 for the first quarter.
The company posted orders in March for 12 787 Dreamliners, a 767 freighter and 18 pre-Max versions of the 737 for the P-8 maritime patrol programme.
For the first quarter, it posted 49 new orders, or a negative total of 147 after cancellations.
After further accounting adjustments representing jets ordered in previous years but now unlikely to be delivered, Boeing's adjusted net orders sank to a negative 307 airplanes.
The pandemic has forced Boeing and European rival Airbus to cut production in the face of plunging demand, cash problems at airlines and logistical difficulties in delivering aircraft.
Boeing remains in talks with regulators seeking approval to return the plane to service.
Last week, it said it was addressing two new software issues with the Max flight control computer.
Major US airlines, suffering an unprecedented downturn in demand due to the coronavirus, on Wednesday said they agreed in principle on the terms of $25 billion (Dh91.83bn) US government payroll aid.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The Specs:
The Specs:
Engine: 2.9-litre, V6 twin-turbo
Transmission: 8-speed automatic
Power: 444bhp
Torque: 600Nm
Price: AED 356,580 incl VAT
On sale: now.
KILLING OF QASSEM SULEIMANI
Global state-owned investor ranking by size
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Canada
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
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World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
PREMIER LEAGUE TABLE
1 Man City 26 20 3 3 63 17 63
2 Liverpool 25 17 6 2 64 20 57
3 Chelsea 25 14 8 3 49 18 50
4 Man Utd 26 13 7 6 44 34 46
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5 West Ham 26 12 6 8 45 34 42
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6 Arsenal 23 13 3 7 36 26 42
7 Wolves 24 12 4 8 23 18 40
8 Tottenham 23 12 4 8 31 31 39
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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