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09 October 2019
INVESTMENT

Boeing’s luxury-jet sale breaks order drought for grounded 737 Max

Boeing has won a handful of deals for luxury jets amid a significant downturn for jetliner orders, which has also crimped sales at the company’s European rival, Airbus.

bloomberg/David Ryder


Boeing has secured a deal for a business-jet version of its 737 Max in September, breaking a sales drought for the narrow-body aircraft that has been grounded since March 2019, reported Bloomberg.

The order by an anonymous customer, recorded on the company’s website is the first Max deal since British Airways owner International Consolidated Airlines Group announced its intent in June 2019 to buy 200 of the planes. That blockbuster agreement has not yet been consummated, leaving net sales for the Max at negative 184 for the year.

While both planemakers face weaker demand for planes amid trade wars stoked by US President Donald Trump, Boeing also has to contend with investigations and lawsuits questioning the safety of the Max following two deadly crashes.

The US manufacturer’s business jet division has landed two orders apiece this year for kitted-out Max jets and 787 Dreamliners. The aircraft typically are flown from the factory to an interior finishing centre, where they are outfitted with custom-designed lounges, conference rooms as well as master bedrooms and even showers for customers ranging from business tycoons to heads of state.

Boeing has 18 total sales of business-jet versions of the Max, and 11 for the Dreamliner.


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