Avolon cancels order for 27 additional 737 MAX aircraft

Despite the 737 MAX being close to re-certification, recent orders for the aircraft have been terminated at a regular pace by airlines around the world over the last few months. The lastest is aircraft leasing company Avolon, with has cancelled its 27 MAX order.

This announcement comes in addition to the 75 cancelled bookings for the 737 MAX during the first quarter of this year.

“Decisive measures to strengthen our capital position included the opportunistic buy back US$639 million of our unsecured bonds at a discount to par, in so doing reducing our near-term debt maturities. More significantly, we have reduced our near-term commitments by over 140 aircraft since the start of the year,” said Domhnal Slattery CEO of Avolon.