Rough ride: The Boeing logo sits on the side of a 737 Max aircraft in the UK. The company has announced fresh cuts to production plans to reflect weaker demand for both its grounded 737 Max and the wide-body 787 and 777 models. — Bloomberg
DUBAI: Kuwaiti aircraft leasing company Alafco has halved its order for 40 Boeing 737 jets after reaching an agreement to end its legal claim over a cancelled order for the planes, it said.
Alafco was suing the US planemaker for US$336mil over accusations Boeing wrongly refused to return advance payments on a cancelled order for 40 of the grounded 737 MAX planes.— Reuters
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