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.
It all comes down to a culture problem starting years ago (design and production takes years). McDonnell Douglas merger brought in cost cutting, the moving of Boeing’s headquarters, moving of factories for cheap labour, rushing aircraft through design. This is for both the 787 and the MAX, although a number of other factors also pressured the design of the MAX, such as the order from American Airlines for an A320neo competitor that didn’t even exist yet.
Regardless, it all comes down to Boeing taking shortcuts. They made the final decisions whether something is approved or not during design and production (without FAA oversight anyway).
It is a shame what Boeing and the MAX are going through. If you want my opinion, the MAX is a great aircraft with an unfortunate fate. Had they not rushed the aircraft software it probably would have been quite a popular addition to the almost 60yr old family of 737s.