China Aircraft Leasing says has not put Boeing 737 Max order on hold

An aerial reveals numerous Boeing 737 MAX airplanes grounded at Boeing Field in Seattle, Washington, U.S. March 21, 2019.

China Aircraft Leasing Group (CALC) on Tuesday said it has not put its order for 100 Boeing 737 Max jets on hold nor had it suspended value, rebutting an earlier report by the South China Morning Post (SCMP) newspaper.

The SCMP attributed its information to suggestions from CALC Chairman Chen Shuang. The Hong Kong-listed lessor said Chen was misquoted.

The Hong Kong-based newspaper later on Tuesday updated its story to quote CALC Chief Executive Mike Poon as saying the company had not stopped value, nevertheless as deliveries have been on hold, it did not should make any value in the interim.

“Our company currently does not have plans to change our Boeing aircraft orders and we have not suspended payment,” a spokeswoman for CALC suggested Reuters.

The Hong Kong-listed lessor, managed by state-owned conglomerate China Everbright Group, positioned an order for 50 737 Max airplane in June 2017 and later expanded the order.

A Boeing spokesman said the airplane maker was focused on supporting prospects and to ensure the 737 Max’s return to industrial flight.

“China Aircraft Leasing Group Holdings has been and continues to be a valued customer and we are sorry for the disruption this situation has caused them,” the spokesman said.

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