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Boeing reports no new orders for entire fleet in April


Planes are seen under construction at a Boeing assembly plant in North Charleston, South Carolina on March 25, 2018. (LUC OLINGA/AFP/Getty Images)

Beleaguered jet manufacturer Boeing didn’t receive a single order for a jet in April, the company said.

Following news of mechanical issues that caused fatal crashes aboard Boeing 737 MAX jets, Boeing’s other jets, like the 787 Dreamliner and the 777 are also not getting ordered.

The last reported sales the company recorded were 20 787s to Lufthansa and 18 777Xs to British Airways on March 15 and 22, respectively.

A Boeing 737 MAX 8 operated by Lion Air crashed into the Java Sea off of Indonesia in October, killing all 189 people on board. In March, all 157 people on board Ethiopian Flight 302 died in a crash, including eight Americans, shortly after takeoff from an airport in Addis Ababa.

Experts believe that airlines are waiting to see if Boeing lowers prices in the wake of the 737 MAX being grounded.

“If it turns out that Boeing makes some accommodations with customers over the grounding of the 737 MAX, it probably won’t be a straight cash compensation,” Standard & Poor analyst Phillip Bagggaley told CNN. “It might be a lower price on future orders, or some other change in those orders. There could be things going on behind the scenes that could essentially turn into orders.”

Many airlines are expected to settle with Boeing regarding compensation for 737 MAXs being grounded.

Air disasters aside, it could just be a matter of manufacturers having too many orders to fill.

“Boeing had a God-awful first quarter in terms of orders [before the Ethiopian crash] and they beat Airbus,” Richard Aboulafia, aerospace analyst for the Teal Group, told CNN. “It’s just a massively over-ordered environment.”

Boeing reported 76 new orders in April 2018.