Boeing delivers 149 commercial planes, 60 others

MAX airplanes parked on the tarmac at the Boeing Factory in Renton

Boeing delivers 149 commercial planes, 60 others

The family a Minnesota man who died when an Ethiopian Airlines plane crashed last month has filed a wrongful death lawsuit against Boeing, the manufacturer of the 737 Max aircraft that is was involved in the crash and is now being investigated by US prosecutors.

Orders and deliveries of Boeing's 737 Max plunged in the first quarter as the plane was grounded around the world following a second deadly crash.

Still, Boeing is ahead of its European rival Airbus, which last week said it had won 62 gross orders during the first three months of 2019 but some 120 cancellations left it with a negative net order.

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.

The firm is the second largest operator of the Boeing 737 Max 8 in the US. Boeing disclosed Tuesday, April 9, that it received no new orders for the Max in March.

In the first quarter of previous year, Boeing took 122 orders for 737s, including 112 for the Max, led by large orders from Southwest Airlines and Ireland's Ryanair.

The figures on March orders and deliveries are "secondary to getting the Max fix approved and its grounding lifted", Cowen aircraft analyst Cai von Rumohr said.

Boeing's first-quarter deliveries of the 737 planes tumbled about 33 per cent, pushing total deliveries down 19 per cent to 149 planes from a year earlier. Pilots on each flight fought unsuccessfully to regain control, according to flight data retrieved from the planes.

Airlines that own the Max, however, are paying a price.

The airline now expects a key measure of total revenue to be flat or grow by 1% during the first quarter, compared to previous forecasts of a 2% increase.

Shares of Chicago-based Boeing fell $5.48, or 1.5%, to close at $369.04.

American Airlines also said that it was unable to forecast how much the disruption would cost the company.

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