Boeing 737 MAX Orders Finally Start to Flow
Boeing's (NYSE: BA) top-selling jet has struggled mightily over the past two years. The aircraft manufacturing giant booked relatively few firm orders for the 737 MAX in 2019 and 2020 and lots of cancellations. This caused its order backlog to shrink dramatically.
So far, 2021 is shaping up to be a much better year for the 737 MAX, with order activity starting to resume. Still, the aircraft program has a long way to go to return to health.
The grounding of the 737 MAX two years ago -- following a pair of fatal accidents -- discouraged airlines from placing new orders for the type. That caused the 737-family order backlog to fall from 4,708 units at the end of 2018 to 4,398 at the end of 2019.
Source Fool.com
