American Airlines might cancel 737 Max orders if Boeing can’t help line up financing, Dallas District Attorney wants help finding videos, photos of people injured in protests, Dallas County reports 656 coronavirus cases, 4 deaths; Tarrant County adds 742 cases, 6 deaths, A through F grading system for Texas public schools is one more way to stigmatize poor neighborhoods, Dallas man sold 19-year-old as sex slave to South Carolinian who wanted to brand her, feds allege, Confused by the counts of coronavirus cases? 21 Shocking Secrets Restaurant Workers Know—and You Don't. Croatia Airlines initiated negotiations to terminate the deal just before the outbreak of COVID-19 pandemic. Uber drivers lose California court battle over Prop. Oct. 29 (UPI) -- In a push to win more Cuban American voters, Democratic presidential nominee Joe Biden lambasted President Donald Trump as the "worst possible standard-bearer for democracy" during a campaign speech in Florida. If the companies can’t reach an agreement, American could use Max financing that is about to expire to pay for jets from Boeing archrival Airbus, one of the people said. American Airlines warns Boeing that it may cancel some overdue orders for the grounded 737 Max, unless the aircraft manufacturer, according to people familiar with the discussions, is … Boeing is now planning a full drawdown as early as this week of a $13.825 billion loan it secured last month from a group of banks, Bloomberg reports. Croatia Airlines (OU, Zagreb) is in talks with Airbus about the cancellation of orders for four A320-200Ns and the use of corresponding pre-delivery payments for other services provided by the manufacturer. Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. The total net order cancellations for 2020 now stands at 28, according to the company, compared to 49 net new orders received for the first two months of 2019. "We have and will continue to work with our customers on specific timing and adjustment to deliveries.". Oct. 29 (UPI) -- The Dow Jones Industrial Average climbed 139 points on Thursday as tech stocks helped markets rebound from their worst day in months. F-16 intercepts plane flying near Trump's stump through Arizona, Police: Chicago sisters stabbed guard 27 times after being asked to wear masks, Supreme Court allows Pennsylvania, North Carolina to accept mail ballots after Nov. 3, Knife 'terrorist attack' at Catholic church in Nice, France kills 3, Press preview for "About Time: Fashion and Duration". Air travel in the U.S. fell about 95% from the beginning of March until mid-April. United Airlines and Southwest Airlines found foreign lenders who agreed in April and May to buy Max jets and lease them to the airlines, but those carriers are in stronger financial situations than American. by customers to postpone delivery or cancel existing orders. Copyright © 2020 United Press International, Inc. All Rights Reserved. By September 30, American had accepted $ 5.8 billion in state aid to pay workers, reached a tentative agreement on a $ 4.75 billion federal loan, and raised billions more in cash from private lenders Provided to survive the downturn. A global airline trade association recently updated its estimates, saying up to $113 billion in revenue could be lost by passenger airlines from the outbreak. In order to launch the project, Solinair would... Want to receive the latest aviation news delivered right to your mailbox every week? All rights reserved. Nearly 40% of the world’s passenger jets are idled, according to aviation data supplier Cirium, as most airlines have more planes than they need until travel recovers. Boeing said in a statement that it is working with customers during “an unprecedented time for our industry as airlines confront a steep drop in traffic,” but did not comment on the talks with American. ', This Beloved Coffee Chain Just Closed 687 Locations For Good. Boeing took more than 5,000 orders for the Max before crashes in Indonesia and Ethiopia killed 346 people and led regulators around the world to ground all Max jets. Lufthansa subsidiary SmartWings canceled five orders … Cumulative Growth of a $10,000 Investment in Stock Advisor, Airlines Cancelling 737 Max Orders Amid Coronavirus Slowdown @themotleyfool #stocks $BA, Boeing (BA) Q3 2020 Earnings Call Transcript, Boeing Beats Estimates, Plans Further Job Cuts, China to Sanction U.S. Defense Contractors Over Taiwan Sales, Copyright, Trademark and Patent Information. Clyde Hughes (0) Before June, Boeing had lost 18 orders for the 737 Max in May, 108 in April and 150 in March. Show full articles without "Continue Reading" button for {0} hours.