The 737 Max is on the last frontier of being ratified to carry passengers once more. But Boeing's financial calamities are presently much worse than the safety problems that connected to earth the plane 20 months ago.
The process of getting second certify by the Max has taken more than a year longer than Boeing at first planned, should be finished in the shortest time, as claimed in a declaration by The Federal Aviation Administration stuff.
In March 2019 began connecting to earth after two accident killed 346 men. Today largest aircraft manufacturer is struggling with the recession in the aviation industry caused by epidemic of the Covid-19.
Boeing declared that there was no new contract for order in October. Near 12 orders for the planes was rejected by clients and 25 orders were refused by the company due to lagging and uncertainty about further purchase.
Boeing has had nearly all of lost or vague orders were for the 737 Max: canceled orders – 460 one, vague 846 contracts couldn't be couldn't be counted like an order in this year.
The long delay in ratifying the Max has admitted clients to cancel their orders out of the typical money forfeit. Also it will force airlines to reconsider your pricing policy for their available orders or any future purchases. Completed deal is the main Boeing’s income from a client for today.
Boeing has constructed 450 of the 737 Max airjets since connected to earth, in expectation of repletion longtime orders, but airlines due to insufficient funds have annulled lot of those orders.
Of the 13 trading planes it transferred in October, only 5 were passenger jets, the remaining were cargo or soldier variations of its model of airplane. Last year Boeing has imported near 126 passenger planes, this year in the same season (6 month) only 29 one.
Boeing have to find new customers and to perhaps redesign some of the jets will delay several deliveries toward 2023.
Airlines are attempting to save and raise their own money in the course of actual crisis situation, rather than take supply of new aircraft. Some airlines have already issued and sold part of the shares to raise additional funds.
Messages that a virus vaccine can be invented soon has strengthen trust for a restart in travel.