Airline canceling order for 49 Boeing 737 Max 8s
Hong Kong (CNN Business)Indonesian airline Garuda said Friday that it’s canceling a multibillion-dollar order for Boeing’s 737 Max 8 passenger jet after the plane was involved in two deadly crashes in less than five months.
“Our passengers have lost confidence to fly with the Max 8,” Garuda spokesperson Ikhsan Rosan told CNN.
The Indonesian carrier ordered 50 of the planes in 2014 for $4.9 billion. It has taken delivery of one of them but has now sent a letter to Boeing (BA) saying it no longer wants to receive the remaining jets on order, Ikhsan said.
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