Boeing loses more than 90 aircraft orders due to war in Ukraine

The aircraft manufacturer said it is not canceling orders yet. But he has placed them in accounting uncertainty, which he uses when questions arise about whether the aircraft orders on his books can be fulfilled.

The company said Tuesday that it added 141 aircraft to that accounting classification in March. About two-thirds of those orders — or just over 90 — are for 737 Max aircraft, which have been hit by the war in Ukraine and related economic sanctions.

Over the past two years, the company has seen an increase in orders added to this accounting uncertainty as the pandemic caused demand for new aircraft to plummet. With March receipts, there are now about 950 commercial aircraft orders, which are considered to be of uncertain status, leaving Boeing with about 4,300 aircraft yet to be built.

The sanctions prevent any ongoing aircraft sales to Russia. Boeing and other Western aircraft manufacturers, such as Airbus, have also halted supplies of essential aircraft parts and aircraft maintenance in Russia to comply with the sanctions. So doubts about future orders to Russia are not surprising.

Boeing data shows only 30 orders for 737 Max jets from Russian carrier Utair Airlines. But most Russian airlines order planes from Boeing and compete with Airbus through leasing companies. So, probably before the war, more Boeing aircraft were sent to Russia.

Even if the sanctions are lifted, relations between Russia and the leasing companies are likely to suffer irreversible damage due to Russia’s actions to nationalize and seize ownership of hundreds of aircraft owned by these companies.

Boeing also announced seven more 737 Max aircraft ordered by the Ukrainian airline SkyUp.

good news for Boeing (bachelor) is that it had a net increase of 38 new orders in March.

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