ReutersCHICAGO (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. Total orders, an indication of future demand, fell to 95 aircraft in the first quarter from 180 a year earlier, suggesting a wait-and-watch approach for airlines as Boeing rides out the worst crisis in its history. 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. Boeing delivered just 11 MAX in March before the suspension. Deliveries are financially important because that is when planemakers receive the bulk of money from airlines’ purchases.

Source: Ethiopian News April 09, 2019 18:45 UTC