Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Mar 22, 2019

Indonesia Flag Carrier Plans Meeting to Cancel $4.8 Billion 737 Max Order

(Bloomberg) -- Indonesia's flag carrier said it plans to meet Boeing Co. officials next week to discuss the airline's request to cancel its $4.8 billion dollar order for the troubled 737 Max 8 jet.

PT Garuda Indonesia, which told Bloomberg last week it wants to cancel its order for 49 Boeing 737 Max jets, has informed the U.S. aircraft maker of its plans and is scheduling to hold the meeting in Jakarta, President Director I Gusti Ngurah Askhara Danadiputra said on Friday. Still, the airline has yet to reach a decision on the cancellation of the Boeing 737 Max order, the company said.

Boeing's $600 Billion Max Orders at Risk as Airlines Waver

Garuda, like Indonesia's Lion Air and a number of airlines, are wavering on the Max jetliner after two of the planes crashed in the past months, prompting regulators worldwide to ground the Boeing's best-selling plane, which sells for an average of $121.6 million each.

To contact the reporters on this story: Fathiya Dahrul in Jakarta at fdahrul@bloomberg.net;Harry Suhartono in Jakarta at hsuhartono@bloomberg.net

To contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Ville Heiskanen

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search