GE Capital Aviation Services (GECAS), a major aircraft leasing company, has announced a cancellation for 69 737 MAX 8 orders. Nice.
Why did they go for 69 instead of rounding up to 70? No idea.
GECAS had 29 Boeing 737 MAXs in its fleet before the groundings. After cancelling 69 orders, GECAS will have 82 remaining on order.
GECAS’ CEO Greg Conlon:
“Today’s agreement will help GECAS better align our available fleet with the needs of our global customer base. We remain fully committed to the 737 MAX program and our valuable, long-term partnership with Boeing.”
GECAS has leased its 737 MAXs to airlines such as Jet Airways (when it was alive), Smartwings, Okay Airways, and more.
Full Press Release: https://www.gecas.aero/gecas-rebalances-737-max-orderbook/
Last week, we received confirmation of Boeing losing 150 737 MAX orders in March 2020. It looks like these cancellations are continuing to accumulate quickly.