Boeing 737 MAX cancellations rise, deliveries drop as crises drag on

Boeing Co customers scrubbed more than 400 orders for the US planemaker’s grounded 737 MAX jets this year, while the company’s overall aircraft deliveries slumped to only four in July, monthly numbers showed on Tuesday.

Boeing said it lost another 43 orders for the 737 MAX jet in July, bringing the total number of canceled orders, including those where buyers converted a MAX to a different model, to 416 for this year.

Based on a tighter accounting standard, Boeing said order cancellations and conversions now stand at 864 for the MAX, recertification for which is still hanging in the balance more than a year after its worldwide grounding due to two fatal crashes.