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Boeing posts 767F orders in May, but cancellations continue

BOEING has received new orders for six 767 freighters in May, though the company's aircraft backlog declined by 90 jets due to order cancellations, reports London's FlightGlobal

21 June 2020 - 19:00

BOEING has received new orders for six 767 freighters in May, though the company's aircraft backlog declined by 90 jets due to order cancellations, reports London's FlightGlobal.

The cancellations included fourteen 737 Maxes that had been ordered by several lessors and unidentified customers. Hampered by the industry downturn from the coronavirus, a lack of demand has hindered carriers' ability to take delivery of new jets.



Boeing delivered four aircraft in May, recording nine new aircraft orders in the month, though three of those orders were transferred between customers and had already been in Boeing's backlog.



The six new 767Fs orders in May include one aircraft added by longtime 767 operator FedEx and five jets ordered by a customer or customers that remain unnamed.



Those 767F orders bring Boeing's backlog of that type to 91 jets - enough to maintain about 2.5 years of production at Boeing's current three-767-monthly production rate.



The other three new orders included one 747-8F ordered by UPS and two 777Fs ordered by unidentified buyers, said the report. Those three jets were already in Boeing's backlog, assigned to Russian cargo company Volga-Dnepr's UK affiliate, Volga-Dnepr UK.



Boeing resold them after Volga-Dnepr UK signalled its inability to take deliveries due to the coronavirus downturn, according to court papers. Volga-Dnepr UK, which later reversed course and sought to take deliveries, asked a judge this month to block Boeing's resales but the judge denied the request.



In transferring the single 747-8F from Volga-Dnepr to UPS, Boeing also removed one 747-8F from UPS's existing backlog, for zero impact on UPS's backlog, it says. UPS holds 13 outstanding 747-8F orders, according to Cirium fleets data.



In transferring the single 747-8F from Volga-Dnepr to UPS, Boeing also removed one 747-8F from UPS's existing backlog, for zero impact on UPS's backlog, it says. UPS holds 13 outstanding 747-8F orders, according to Cirium fleets data.



The fourteen 737 Max cancellations included three aircraft ordered by Aviation Capital Group, one ordered by CIT Aerospace, four ordered by GE Capital Aviation Services and six jets ordered by unidentified customers.


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