by Mike ‘Mish’ Shedlock
The Street
Boeing sold no jets in September but did have cancellations of previous orders.
No Sales, Hundreds of Cancellations
Boeing reports No Jetliner Sales, Just Cancellations.
Boeing said Tuesday that it sold no commercial planes in September, and three orders for the grounded 737 Max were canceled.
On top of that, Boeing is dropping orders for 48 more planes because it’s not sure that financially troubled airlines will be able to close the deals.
So far this year, orders for 448 Max jets have been canceled and Boeing has dropped another 602 from its backlog because of doubts about the sales.