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Boeing has lost more than 800 orders for the 737 Max this year

Dominic Gates, The Seattle Times on

Published in Business News

"We continue to closely monitor the commercial marketplace by staying very engaged with our customers around the globe to fully understand short term and long term requirements," Smith added. "All of this is informing current and future production rates and any further adjustments as needed to balance supply and demand."

Max orders shrinking

Smith did not address the substantial decline in the order backlog, which is almost entirely due to some customers giving up on the 737 Max.

For the 737 Max alone, the negative tally for the first half of the year is 805 airplanes.

All but five of the airplanes scrubbed from the backlog in June were Maxes. Customers outright canceled 60 orders for the Max and Boeing removed another 119 Maxes from its official backlog that are no longer deemed solid enough to meet U.S. accounting standards.

Most of those 119 orders, though not yet officially canceled, may as well be dead. For example, that total includes 92 Maxes that Norwegian Air announced publicly it is canceling. Boeing hasn't officially labeled them canceled only because it's still negotiating with Norwegian and presumably looking at legal options.

 

(Norwegian said it's also canceling five 787 Dreamliner orders; Boeing also removed those from the backlog in June without officially canceling them.)

The 60 outright Max cancellations in June included 30 for lessor BOC Aviation, 17 for lessor Avolon, six for Blue Air of Romania, five for lessor ACG and two more for unidentified customers.

An order that might have been

Also notable from the June results is that Boeing failed to finalize a new order for 777Xs and 787s after offering an airline a discount deal that had to be accepted by June 30.

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