Boeing reportedly received zero new plane orders last month, as airlines turn their backs after deadly 737 Max crashes

Boeing 747 jets are built in the company's factory February 8, 2009 at Paine Field in Everett, Washington.

caption
Boeing 747 jets are built in the company’s factory February 8, 2009 at Paine Field in Everett, Washington.
source
Stephen Brashear/Getty Images

  • Boeing reportedly received no new orders for planes in April, which could signal trouble for the company as it tries to rebound after two deadly crashes.
  • According to CNN, the company issued a report on Tuesday that revealed it did not receive any new orders for its 737 Max jets or its other popular aircraft, such as the 787 Dreamliner or the 777 last month.
  • The airplane manufacturer’s sales have slumped in the wake of the Ethiopian Airlines crash that killed 157 people and last year’s Lion Air crash that killed 189 people. Both crashes involved 737 Max planes.
  • The company said it has lost at least $1 billion since the deadly crashes.

Boeing received no new orders for planes in April, according to CNN, which could signal trouble for the company as it tries to rebound after two deadly crashes in less than a year.

The report follows Boeing’s revelation in its first-quarter data that it did not receive any new orders for its troubled 737 Max planes in March and that deliveries for all 737 models declined – including the older 737-800.

According to CNN, the company said in a report released on Tuesday that it did not receive any new orders for its 737 Max jets or its other popular aircraft, such as the 787 Dreamliner or the 777 last month.

The only orders Boeing reported for April were four 737 Max jets that were previously sold to Boeing Capital, it said. CNN reported that Boeing did not count those planes as “new orders.”

Bloomberg reported that the company’s sales total for this year dropped by 171 aircraft in April, a reflection of the company adjusting its order books in response to the temporary suspension of all flights by the Indian budget carrier Jet Airways, a major buyer of Boeing planes.

The Mumbai-based airline, which announced a $1.2 billion debt last month, had deals for 200 of the 737 Max planes, Bloomberg said.

Boeing’s sales have slumped in the wake of the fatal Ethiopian Airlines crash that involved a 737 Max plane. One hundred fifty-seven people died in the March 10 accident.

The incident came less than six months after another Boeing 737 Max plane operated by Indonesia’s Lion Air crashed into the Java Sea, killing 189 people. Countries and airlines were quick to distance themselves as investigations into the Ethiopian Airlines crash revealed faulty sensors likely contributed to both fatal accidents.

On Sunday, a Boeing 737-800 plane operated by Delta Airlines made an emergency landing after experiencing “a possible mechanical issue.” No injuries were reported, and passengers were diverted to another aircraft.

Boeing said it has lost at least $1 billion since the deadly crashes and that it couldn’t predict how much worse the future financial effect of the incidents would be. It also said its core profits fell 21% in the first three months of 2019 compared with the same period last year.