Boeing has confirmed order cancellations for its 737 MAX jet, with Jeju Air becoming the latest business to scale back its overall commitments to the series.
In a move that looks to prioritise its balance sheet over outright rapid growth, the South Korean low-cost carrier’s shift changes the initial drive to bet big on the MAX to a smaller scale.
737 MAX Order With Boeing Scales Back
Back in 2018, Jeju Air announced a sizeable contract for up to 50 737 MAX jets, comprising 40 firm units and options for an additional 10, should it wish to exercise them at