Boeing records zero new MAX orders after global groundings

MAX airplanes parked on the tarmac at the Boeing Factory in Renton

The filing at a Chicago federal court alleges that the aerospace company defrauded investors over the safety features of Boeing's 737 Max aircraft which was involved in two fatal crashes: one in Ethiopia last month and another in Indonesia a year ago.

The Civil Aviation Administration of China (CAAC) has chose to send experts to be part of the FAA panel, the official, in the regulator's media relations department, told Reuters. Boeing hasn't disclosed any lost orders, although Garuda Indonesia has said it will cancel an order for 49 Max jets.

"The JATR team will evaluate aspects of the 737 MAX automated flight control system, including its design and pilots' interaction with the system, to determine its compliance with all applicable regulations and to identify future enhancements that might be needed, " it said.

Meanwhile, ICBC Leasing, China's largest aircraft leasing company by assets, said the Boeing 737 series are the mainstream aircraft in the current market. Boeing delivered just 11 Max in March before the suspension.

"Currently, all the aircraft leasing contracts are implemented normally".

"I am confident that Boeing will solve this issue" with the Max, he said. The 737 Max is considered the fastest-selling model in the history of Boeing, with about 5,000 orders from more than 100 customers worldwide.

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The anti-stall system is suspected as a cause of the Lion Air crash in October and an Ethiopian Airlines crash in March that also involved a MAX 8 jet.

American Airlines' share price fell by 2.8% to $32.94 in early trading.

Boeing said on Friday it would cut monthly production of the 737 Max jets by 20 per cent, starting mid-April, without giving an end-date.

The investment bank estimated that delays in returning the aircraft to service will last six to nine months rather than the original forecast of three to six months. In all, 346 people died. Critics have raised questions about oversight provided by the US Federal Aviation Administration and its decision to certify the 737 Max safe for commercial use.

Check out Muilenburg's full video statement commenting on the release of the preliminary reporthere. "We own it, and we know how to do it".

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