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American Airlines threatens to cancel some Boeing 737 MAX orders: WSJ

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American Airlines threatens to cancel some Boeing 737 MAX orders: WSJ

American Airlines Group Inc (AAL.O) has threatened to cancel some of its orders for Boeing Co’s (BA.N) grounded 737 MAX jets unless the planemaker helps secure funding for them, the Wall Street Journal reported on Friday.


American Airlines has struggled to secure financing for 17 jets it had expected Boeing to deliver this year due to the coronavirus crisis, the report said, citing people familiar with the matter. (on.wsj.com/2ZUtQed)

Boeing has been working to help line up financing for American’s 737 MAX jets, and under one possible scenario, the planemaker’s financing arm could purchase the aircraft and lease them to American, eventually selling the planes and the payment stream to leasing companies, according to the report.

American currently has a total of 76 737 MAXs on order. The company declined to comment on the report.

Edited By: Emmanuel Okara/Ali Baba-Inuwa (NAN)

Emmanuel Okara: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

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