FILE PHOTO: FILE PHOTO: A 737 Max aircraft is pictured at the Boeing factory in Renton, Washington, U.S., March 27, 2019. Last month Boeing abandoned its 2019 financial outlook, halted share buybacks and said lowered production of the fastest-selling 737 MAX jets in the wake of the groundings had cost it at least $1 billion. Boeing recognizes full payment for planes when they are handed over to customers, and the formal grounding of the 737 MAX in almost all global airspace has completely halted deliveries. At the end of March, Boeing had 91 net orders, but the company's leasing and lending services unit Boeing Capital moved four of its 737 MAX delivery slots to a lessor. Investors and analysts closely watch the number of planes Boeing turns over to airlines and leasing firms for cues on the company's cashflow and revenues.

Source: Ethiopian News May 14, 2019 15:15 UTC