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6/30, 4:44 PM (Source: TeleTrader)
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Boeing faces new 737 MAX order cancelations

BOC Aviation, Asia's largest aircraft leasing company, canceled its order for 30 of Boeing Co's 737 MAX airplanes on Tuesday.

Boeing had already faced cancelations for the same aircraft as Norwegian Air decided to withdraw its order and demand compensation for almost a hundred 737 MAXs the previous day.

The United States Federal Aviation Administration confirmed on Monday that it had begun the test flights for Boeing's 737 model, leading to optimism among investors, but the company's stocks traded 6.35% lower amid the news from Hong Kong, landing at $182.10 at 10:32 am ET.

Breaking the News / BU