International Consolidated Airlines Group (IAG), the owner of British Airways, signed a letter of intent for 200 of the planes.
Wednesday 19, June 2019
(Bloomberg) --Boeing won its first deal for 737 Max jets since a March grounding that followed the second deadly crash in five months.
Boeing stated that the mix of 737-8 and 737-10 planes would be delivered between 2023 and 2027 assuming the deal is formalised.
The agreement with one of the world’s leading carriers hands Boeing a big boost as it struggles to get the Max back in the air amid a grounding that recently entered its fourth month.
Enrique Dupuy de Lome, IAG Chief Financial Officer, said, “We have every confidence in Boeing and expect that the aircraft will make a successful return to service in the coming months having received approval from the regulators.’’
The Max crashes in October and March were caused when a software system received erroneous readings from a sensor, repeatedly forcing the nose of the planes down until pilots lost control.