Friday 4 February 2011

Boeing Loses Half of 737 Jet Order From Dubai Aerospace as Leasing Wanes - Bloomberg

Boeing Co. lost an order for 32 737 jets, valued at about $2.3 billion at list prices, from Dubai Aerospace Enterprise Ltd., the state-owned leasing and services company that has said it may drop some purchases.

Dubai Aerospace’s current backlog for 737s is 35, according to a monthly update yesterday on Boeing’s website, compared with 67 as of December. Separately, Boeing’s weekly order report showed 32 orders for the single-aisle aircraft had been canceled, without identifying the buyer.

Dubai Aerospace has been studying whether to scrap more orders as aircraft demand wanes, two people with knowledge of the matter said in December, after canceling plans last year to buy 47 jets from Boeing and Airbus SAS. An e-mailed request for comment to the company’s headquarters before regular business hours today wasn’t immediately returned.

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