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GE Cancels Large Boeing Order

Nearly two-thirds of the world’s passenger planes are grounded.

Boeing Parked Ap
AP file

Boeing suffered another setback over its 737 Max on Friday, as General Electric Co.’s aircraft-leasing arm canceled an order for 69 of the planes, which have been grounded for more than a year after two crashes. GE Capital Aviation Services referred to less need for planes by airline customers. Nearly two-thirds of the world’s passenger planes are grounded because of a sharp drop in travel during the coronavirus pandemic, and Boeing removed about 300 Max jets from its order book last month.

Boeing also said it will resume production Monday at facilities near Philadelphia that produce military helicopters after a two-week shutdown due to the coronavirus. The announcement came a day after Boeing said it will resume production at commercial jet-assembly plants in the Seattle area, which shut down after some workers tested positive for the virus.

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