Saudi’s Flyadeal Cancels Orders Of Boeing’s 737 Max Aircraft

By John Heerdink LinkedIn

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.

As per reports, Flyadeal a Saudi Arabian budget carrier cancels orders for Boeing 737 Max aircraft after the latter faced two deadly crashes in October last year and March this year. The budget carrier is the first airline to cancel orders for the aircraft after its grounding.

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July 8(1)

Boeing’s 737 Max Loses First Customer

Jul.08 — Saudi Arabian budget carrier Flyadeal has become the first airline to officially drop an order for the Boeing 737 Max following the plane’s global grounding after two fatal crashes. Bloomberg’s Angus Whitley reports on “Bloomberg Markets: Asia.”..

finance.yahoo.com

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