Boeing net orders slump to lowest in decades - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Boeing net orders slump to lowest in decades via SABCNewsOnline

Boeing’s gross orders plunged 77% to 246 in 2019, while net orders after cancellations or conversions were just 54 airplanes compared with 893 the previous year.

As a result, Boeing’s book-to-bill ratio, which measures orders against deliveries, came in at a negative 0.23 in 2019. Ten months after the MAX was grounded in March following two fatal crashes, Boeing still has a backlog of more than 5 400 orders for its long- and short-distance commercial jets.

 

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