AerCap Cancels 15 MAX Jets, Urges Airbus and Boeing Output Cuts

Leasing giant AerCap said on Wednesday it had cancelled 15 orders for the grounded Boeing 737 MAX aircraft as it slows the pace of new plane deliveries to weather the coronavirus crisis.

Image Credit: REUTERS

Announcing the cancellations - which leave 80 of the MAX jets still on its order books - the world's largest aircraft owner also called for more production cuts by Boeing and rival Airbus to help balance the jet market.

AerCap, which has deferred dozens more MAX deliveries, said it remains uncertain when the five MAX planes already on lease will return to service, as regulators review changes to the jet after two fatal crashes.

U.S. authorities said last week they expect to give a green light in the "near future". As a result, AerCap reached agreement with Boeing this month to restructure its order book, it said on Wednesday.