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Boeing aircraft deliveries plunge, orders hit negative territory in 2019

Boeing Co. recorded negative orders for commercial airplanes in 2019 while its full-year aircraft deliveries more than halved from 2018, officially ceding the title as the world's largest planemaker to European rival Airbus SE.

Boeing logged more order cancellations than new aircraft purchases in 2019, yielding a net order balance of negative 87. Airbus recorded net orders of 768 planes.

It was the first time in 30 years that Boeing lost commercial airplane orders for a year, CNBC reported, citing a spokesperson for the planemaker.

The plunge in orders was driven by a total of 183 order cancellations for the Boeing 737 MAX jets, which have been globally grounded since March 2019 following two fatal crashes. American Airlines Group Inc. said Jan. 14 that it will extend cancellations of flights involving the aircraft until June 3.

In 2019, Boeing delivered 380 commercial aircraft, down from 806 in 2018. Airbus delivered 863 commercial planes in 2019.

Boeing's total backlog of orders stood at 5,406 aircraft, lower than Airbus' backlog of 7,482 planes.