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AerCap warns could scrap some Boeing MAX orders, withdraws outlook

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AerCap warns could scrap some Boeing MAX orders, withdraws outlook

May 5 (Reuters) – Aircraft leasing company AerCap Holdings warned on Tuesday that it could cancel some orders for the Boeing 737 MAX and withdrew its outlook for the entire year amid declining travel demand due to the pandemic of the COVID-19 that reached businesses worldwide.

The world's largest aircraft leasing company said it had lost some of its Boeing 737 MAX leases and expects additional cancellations by airlines in the future.

"In cases where the leases were canceled, we have the right to cancel our corresponding orders for delivery of these aircraft," the company said in a statement.

Last month, the smaller rival and privately held Avolon canceled an order for 75 Boeing 737 MAX aircraft that are due to be delivered by 2023. (Reporting by Rachit Vats in Bengaluru Editing by Supriya Kurane)

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