Garuda, first company to cancel its order for Boeing 737 MAX 8
The Indonesian airline Garuda announced the cancellation of an order for 49 Boeing 737 MAX 8s on March 22, 2019.
This is the first confirmed contract cancellation for the US manufacturer following the two crashes involving the aircraft. In October 2014, Garuda ordered 50 Boeing 737 MAX 8s for $4.9 billion at list prices. It has already received one of them.
Garuda is reportedly in discussions with Boeing to determine if the company will return the first aircraft it has already received. Chief executive of Garuda Ari Ashkara told Detik the company would consider opting for another version of the 737.
This issue may ride more business to Airbus on the 320 series.