REUTERS/Denis Balibouse ReutersBy Rachit Vats and Tracy Rucinski(Reuters) - Boeing Co's orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes. Chicago-based Boeing's first-quarter 737 deliveries tumbled about 33 percent, pushing total aircraft deliveries down 19 percent to 149 from a year earlier. Goldman Sachs said it does not expect Boeing to deliver any MAXs in the second quarter and said it was difficult to expect MAX orders at the upcoming Paris Air Show in June. Boeing said last week it would cut monthly 737 MAX production by 20 percent starting mid-April, without giving an end-date. The company had been ramping up MAX deliveries before the grounding, with the planes accounting for nearly half of its deliveries in the last few months.

Source: Ethiopian News April 09, 2019 15:11 UTC