Two of Boeing Co's biggest commercial airline customers said on Thursday they are still committed to the 737 MAX despite delays in its return to ...
CHICAGO: Two of Boeing Co's biggest commercial airline customers said on Thursday they are still committed to the 737 MAX despite delays in its return to flight and the coronavirus pandemic, though the head of Southwest Airlines said contracts need to be"completely reset."
American Airlines Chief Financial Officer Derek Kerr said the carrier is in"good discussions" with Boeing to finalize financing terms on 17 737 MAX jets that were to be delivered this year, adding that the airline still wants its full order for 100 MAX planes, over time. When the MAX was grounded in March 2019, U.S. airlines were growing their networks and eager to add the fuel-efficient MAX jets to their fleets. But they have been parking planes as the pandemic has sapped demand.American and Southwest each posted a quarterly loss on Thursday and American has said it will not take delivery of any aircraft that are not financed.
Southwest executives said they probably need fewer than those 48, and had not finalized any specifics with Boeing, giving them flexibility to continue monitoring demand for the next 18 months.
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