Garuda cancels order for 49 Boeing 737 Max jets after crashes
This appears to be the first formal cancellation for the model, with the possibility of more to come
Jakarta
INDONESIA'S national carrier Garuda has told Boeing it will cancel a multi-billion-dollar order for 49 Boeing 737 Max 8 jets after two fatal crashes involving the plane, in what is thought to be the first formal cancellation for the model.
"We have sent a letter to Boeing requesting that the order be cancelled," Garuda spokesman Ikhsan Rosan said.
"The reason is that Garuda passengers in…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
UPS profit beats estimates as cost cuts offset weak delivery demand
General Motors beats quarterly results targets, raises forecast
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Renault Q1 sales rise 1.8%, helped by financing business
Honda to build major EV plant in Canada
Elon Musk’s robotaxi dreams plunge Tesla into chaos