Boeing loses greater than 90 jet orders resulting from warfare in Ukraine

Boeing loses more than 90 jet orders due to war in Ukraine

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New York
CNN Business
 — 

Boeing is likely to lose about 90 jet orders due to “geopolitical issues” related to Russia’s invasion of Ukraine, the company said Tuesday.

The aircraft maker said it is not canceling the orders — yet. But it has placed them in an accounting limbo which it uses when there are questions about whether jet orders on its books are likely to be completed.

The company disclosed Tuesday that it added 141 jets to that accounting classification in March. About two-thirds of those orders — or just more than 90 — are for 737 Max jets that have been affected by the war in Ukraine and related economic sanctions.

The company has seen an increase of orders added to this accounting limbo in the last two years, as the pandemic caused a sharp drop in demand for new planes. Including the additions in March, there are now nearly 950 commercial…

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