Chinese state owned leasing company CALC has decided to halt payments on its 100 aircraft 737-Max order.
It said that it’s concerns over the safety of the aircraft had made it rethink and interest from its clients had markedly declined.
On top of that it said demand for the A320neo was robust and it was clearly the preferred option for Chinese airlines.
One has to remember that this is a state owned entity and therefore this is just as likely to be a political move from above, to pressure Boeing and the US in a subtle way before trade talks and the Trump-Xi summit.
CALC is said to be working on ways of dropping much of it’s order with Boeing.