Azerbaijan airline AZAL has scrapped a $1bn contract with Boeing to acquire 10 737 MAX jets, it said on June 3.
The flag carrier’s move follows the fatal crashes involving the aircraft in Ethiopia and Indonesia and the subsequent grounding of them worldwide while Boeing deals with safety concerns. A spokesman for AZAL cited "safety reasons" in explaining the cancelled contract.
The 737 MAX 8 aircraft has only been in commercial use since 2017. Prior to the accidents, the 737 MAX was Boeing’s top-selling plane.
Countries around the world have banned the jets from flying over their airspace since an Ethiopian Airlines 737 MAX crashed after takeoff from Addis Ababa on March 3, killing all 157 people on board. The previous October, a Lion Air plane of that make fell into the ocean off the coast of Indonesia, killing 189 people.
Iran has said it is opposed to the construction of the Trans-Caspian Gas Pipeline due to ecology concerns, Ria Novosti reported from the Caspian Economic Forum in the Turkmen resort of Avaza on ... more
Azerbaijan’s leading corporate and investment bank, Pasha Bank, is acting as the sole arranger and advisor for the inaugural AZN-denominated bond issuance by Black Sea Trade and Development Bank ... more
Russian mobile major Mobile TeleSystems (MTS) is considering selling its Ukrainian business Vodafone Ukraina to Azeri state-owned AzInTelecom or Azercell, Лiга.net and RBC business portal reported ... more