Indonesian Airline Moves To Cancel MAX Order

In the wake of the crash of an Ethiopian Airlines Boeing 737 MAX 8 on March 10, Indonesia's Garuda Airlines has sent a letter to Boeing saying that it intends to cancel its order for 49 MAX 8s. According to the airline, the decision was made due to lack of customer confidence in the model. Garuda ordered 50 MAX 8s, valued at approximately $4.9 billion, in 2014 and has accepted delivery of one.


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