Alafco, aircraft lessor company in Kuwait, will purchase 20 aircrafts from US airplane maker Boeing after both parties reached a deal over a dispute involving a cancelled 737 MAX order, Zawya reports.
The order, Alafco said in a statement will consist of 20 737Max instead of 40 with delivery dates kept secret due to confidentiality clauses. The Kuwaiti company sued Boeing for $336 million over accusations it wrongly refused to return advance payments on a cancelled order for 40 of its troubled 737 MAX planes, Zawya notes.
The lawsuit came after the US planed maker suspended deliveries of its narrow-body 737 MAX jet in March last year, when the Federal Aviation Administration grounded the aircraft after the deaths of 346 people in crashes of two 737 MAX planes operated by Lion Air and Ethiopian Airlines.
Boeing lost more than $19 billion as result of the suspension which also forced the firm to slash its production. The Chicago-based multinational is still subject to criminal and congressional investigations.
Kuwaiti aircraft lessor Alafco to buy 20 aircrafts from Boeing
