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Boeing now has negative net commercial orders to start 2019

The Boeing Co. has cut 210 orders from its first-quarter total to leave it with a net order deficit of 119 jets through the first three months of the year. Company spokesperson Paul Bergman says the orders were removed from its official backlog in relation to India's Jet Airways, which suspended operations last week amid liquidity issues. He says contractual agreements tied to those orders remain in place. The cuts are part of newer accounting measures (ASC 606) that dictate how… ( More...

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