China to join FAA's review panel on Boeing's 737 MAX

Clay Curtis
April 11, 2019

Also on April 5, Chief Executive Dennis Muilenburg acknowledged similarities between recent crashes of 737 MAX aircraft operated by Ethiopian Airlines and Indonesia's Lion Air.

Boeing did not win any commercial orders for its 737 MAX jet in March following a second deadly crash involving the plane.

Still, Boeing is ahead of its European rival Airbus, which last week said it had won 62 gross orders during the first three months of 2019 but some 120 cancellations left it with a negative net order.

Boeing froze deliveries of the aircraft after a global grounding of the narrowbody model following the crash of an Ethiopian Airlines jet on March 10, killing all 157 people onboard.

March deliveries are more than half the rate of deliveries in the two previous months, which amounted to 24 MAX jets in January and 27 in February.

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In January, Boeing had signaled that it expected big jumps in 2019 in both revenues and earnings-per-share, but in the wake of the crash investigation the company last week announced it would temporarily cut production of the 737 MAX to 42 a month from 52.

Deliveries of the 737 planes fell to 89 in the first quarter from 132 a year earlier.

The plane maker reportedly delivered a total of 54 aircraft in March, more than a one third of 149 supplied jets since the beginning of the year.

The company is still working on the software update, which was delayed recently by several weeks because of the discovery of a second software problem. Boeing has a backlog of about 4,600 orders for the plane.

Over the weekend, American removed the plane from its schedule through June 5 - six weeks longer than before - underlining the realization among airlines that the Max will be parked longer than previously expected.

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