Boeing records zero new MAX orders following global groundings

An American Airlines jet takes off from Washington National Airport in Washington

China Eastern Airlines announced it will claim losses from United States aircraft manufacturing giant Boeing after its 737 MAX fleet was grounded worldwide for safety reasons following the Ethiopian Airlines crash.

The Civil Aviation Administration of China will send experts to join the review committee to assess the security of Boeing's 737 MAX jets. Boeing disclosed Tuesday, April 9, that it received no new orders for the Max in March.

Goldman Sachs said it does not expect Boeing to deliver any MAXs in the second quarter and said it was hard to expect MAX orders at the upcoming Paris Air Show in June.

Meanwhile, ICBC Leasing, China's largest aircraft leasing company by assets, said the Boeing 737 series are the mainstream aircraft in the current market.

Boeing suspended Max deliveries in mid-March after regulators grounded the planes.

"Currently, all the aircraft leasing contracts are implemented normally".

Boeing acknowledged that the sensor malfunctioned and Muilenburg said last week that a new software update would prevent future incidents.

The MAX grounding caused 1,200 American flight cancellations during the first quarter, in addition to 940 cancellations due to American's decision to remove 14 737-800 aircraft from service after pilots complained that overhead bins were not closing on some recently retrofitted cabins. The 737 Max is considered the fastest-selling model in the history of Boeing, with about 5,000 orders from more than 100 customers worldwide.

In this Monday, April 8, 2019, file photo, Boeing 737 Max 8 jets, built for American Airlines, left, and Air Canada are parked at the airport adjacent to a Boeing Co. production facility in Renton, Wash.

737 MAX deliveries accounted for the highest totals in the first quarter for Boeing, which is lowering the aircraft's monthly production rate from 52 to 42 airplanes per month starting in mid-April.

Despite Boeing winning orders for 44 planes, including three business-jet versions of the 737, there were no commercial models among them, the Wall Street Journal reported on Monday, nearly a month after Ethiopian Airlines Flight 302 crashed shortly after take-off. A total of 346 passengers and crew died in the crashes. "We own it, and we know how to do it".

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