Boeing Cancels Orders For India's Jet Airways

Credit: Wochit
Published on April 24, 2019 - Duration: 00:43s

Boeing Cancels Orders For India's Jet Airways

According to Reuters, Boeing removed 210 aircraft from its order backlog.

The decision was made due to financial troubles for India's Jet Airways.

The Indian air career indefinitely cancelled flight operations on April 17th, after an emergency plea for funding was rejected by lenders.

In response, Boeing took an impairment charge over customer financing losses.

On the year, Boeing's order adjustment is now in negative territory.

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