Boeing reports another big drop in deliveries in 3Q

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Boeing Co secured the first converted order in months for one of its grounded 737 MAX planes, company data for September showed on Tuesday, as it reported that total deliveries for the first nine months of 2019 had nearly halved from a year earlier.

In the first nine months of the year, Boeing delivered 302 planes, in comparison to Airbus' 571. Deliveries totaled 26 aircraft in September, down from 87 a year earlier.

The Southwest Airlines Pilots Association said in the lawsuit filed Monday that Boeing misled pilots and airlines by not telling them about a new flight-control system called MCAS that is now at the center of investigations into the accidents.

During the third quarter, Boeing sold only five 737 aircraft, and 118 so far this year.

Boeing said it is still working with federal regulators to get approval to resume the service of 737 jets as soon as possible.

United States and European Union regulators said on Tuesday they were still reviewing changes Boeing Co made to 737 MAX software after two fatal crashes, a development that raised questions about how quickly the grounded aircraft can return to service.

Meanwhile, Boeing's net order tally - including cancellations - was a negative 84 for the first nine months of 2019. Boeing has repeatedly said it hopes to resume flights in the fourth quarter, which began on October 1. The lawsuit argues Boeing's claims caused the union to belive the 737 MAX was safe and as a result pilots agreed to fly the aircraft for Southwest Airlines.

The figures are the latest demonstration of the hit to the company's finances and prospects because of the MAX, which was taken out of service in mid-March following two deadly crashes that killed 346 people.

"Our first priority is safety, and we have set no time frame for when the work will be completed", the FAA says in a statement.

"We do not at this stage have any specific concerns. that would mean that we could not agree to a coordinated return to service", the EASA says. "The 737 MAX now is grounded worldwide because it is unsafe, unairworthy, and contrary to Boeing's representations, distinct from the 737 family of aircraft that preceded it, which SWAPA pilots have flown for years".

Analysts are projecting much lower 2019 profits for Boeing following a big drop in sales. The Dallas-based airline has removed the MAX from its flight schedules until January at the earliest. In July, it announced a $4.9 billion after-tax charge to cover compensation it expects to pay airlines in coming years to cover canceled flights.

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