Boeing confronts first lawsuit from 737 MAX customer
Aug. 27, 2019 8:50 AM ET|About: The Boeing Company (BA)|By: Carl Surran, SA News Editor
A Russian aircraft leasing company is suing Boeing (NYSE:BA) for breach of contract, in the first lawsuit brought against the U.S. plane maker by a customer over the grounded 737 MAX.
Rostec subsidiary Avia Capital Service says it gave Boeing a $35M cash deposit to secure an order for 35 of the MAX jets, which it wants returned with interest, plus $75M in "lost profit," $115M in compensatory damages and "several times the amount" in punitive damages.
The Russian firm says it would be willing to discuss an out-of-court settlement with Boeing.
Aug. 27, 2019 8:50 AM ET|About: The Boeing Company (BA)|By: Carl Surran, SA News Editor
A Russian aircraft leasing company is suing Boeing (NYSE:BA) for breach of contract, in the first lawsuit brought against the U.S. plane maker by a customer over the grounded 737 MAX.
Rostec subsidiary Avia Capital Service says it gave Boeing a $35M cash deposit to secure an order for 35 of the MAX jets, which it wants returned with interest, plus $75M in "lost profit," $115M in compensatory damages and "several times the amount" in punitive damages.
The Russian firm says it would be willing to discuss an out-of-court settlement with Boeing.