Boeing To Ship First 737 Max Plane To VietJet 9 Years After Receiving Order: Report – Boeing (NYSE:BA)

Boeing Co. BA is ready to ship the primary 737 Max Plane to the Vietnamese flight provider VietJet Air.

What Occurred: The airline will take supply of the plane on Sunday, over 9 years after inserting an order with the Seattle-based aerospace firm, information company Reuters reported on Tuesday, citing inner paperwork it obtained.

VietJet’s president Nguyen Thi Phuong Thao will reportedly attend the 737 Max handover ceremony of the jets on the Boeing manufacturing facility, the report suggests.

Why It Issues: The information comes as VietJet had secured a $300 million monetary settlement with AV AirFinance to buy over 20 Boeing 787 Widebody plane in April.

Boeing, in the meantime, secured a take care of the Authorities of Singapore, which can purchase 4 Boeing P-8A maritime patrol plane to strengthen its navy capabilities.

Nonetheless, Boeing may additionally face authorized troubles after households of the 737 Max 2018 and 2019 plane crash victims opposed and challenged the Division of Justice’s movement to dismiss prison fraud costs.

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