Boeing Books Firm Order
- It’s a small pebble in oceans of cancellations and deferrals. But Boeing gladly booked a firm order for two B737 MAX 8s. The buyer is Enter Air, a Polish charter airline that launched in 2010. It’s taking options to buy two more for good measure. Boeing and Enter Air also agreed on compensation for delays associated with previous MAX orders.
- The cuts continue. Embraer said it will lay off 900 employees in Brazil. The cuts comprise almost 5% of the Brazilian airframer’s total workforce. The company said the Covid-19 pandemic as well as the collapse of its partnership with Boeing earlier this year require it to scale back its business. Deliveries so far this year are 75% down from last year.
- Singapore-based BOC Aviation said in its earnings call last month that about three quarters of the world’s commercial aircraft fleet had returned to service. In April, only 38% of the industry’s planes were flying. The demand recovery, unfortunately, has been much less robust than the supply recovery. But BOC remains confident in the industry’s future.