The $5.9 billion order has flown! The first airline company announced the switch to Airbus, Boeing's share price plummeted.
On the 7th local time, Saudi Arabian Airlines' low-cost airline "Adil Airlines" announced that it will no longer execute the 737MAX passenger aircraft temporary order with Boeing and switch to Airbus' A320.
A Boeing spokesperson said that he understood the decision of Adil Air.
The first airline officially announced the cancellation of the Boeing 737MAX order
In December last year, Adil Airways initially pledged to buy Boeing 737MAX, but after two fatal air crashes caused 346 deaths, the company reconsidered the deal after the 737MAX aircraft was grounded around the world.
This decision made Adil Airline the first company to officially announce the cancellation of the 737MAX order.
Transfer to Airbus
On the 7th local time, Adil Airways issued a statement announcing that it will receive 30 Airbus A320 aircraft from 2021, and may further order another 20 A320 series aircraft. In the future, Adil Airways will only operate Airbus A320 series. airliner.
It is understood that last month, Saudi Airlines signed an order with Airbus at the Paris Air Show. These 30 aircraft are part of this order.
Boeing shares fell 1.33%
Boeing will lose $5.9 billion in the loss of Adil Air's 737MAX order. On the 8th, Boeing's share price fell 1.33%.
In a subsequent statement, Boeing said: Given Adair's timeline, we understand that Adil Air is unable to fulfill its 737MAX aircraft procurement commitment.