{"id":5874,"date":"2019-08-28T19:54:30","date_gmt":"2019-08-29T00:54:30","guid":{"rendered":"http:\/\/planesintheair.com\/?p=5874"},"modified":"2019-08-28T19:54:30","modified_gmt":"2019-08-29T00:54:30","slug":"rostec-ready-for-737-max-out-of-court-deal-with-boeing","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=5874","title":{"rendered":"Rostec Ready for 737 MAX Out of Court Deal with Boeing"},"content":{"rendered":"\n

MOSCOW (Reuters) – A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.<\/p>\n\n\n\n

Boeing MAX 737 jets have been grounded worldwide and airlines are cancelling multimillion contracts following crashes in October and March that killed 346 people.<\/p>\n\n\n\n

Earlier on Tuesday, Rostec said its unit had filed a lawsuit in the United States to cancel its order for the 35 MAX jets. The Financial Times, which first reported the move, said Avia Capital Service gave Boeing a cash deposit of $35 million.<\/p>\n\n\n\n

A spokesman for Avia Capital Service told Reuters that delivery of the jets was first scheduled for October 2019 but was moved to March 2022. The Rostec unit had paid Boeing a deposit and was suffering losses from non-delivery, he said.<\/p>\n\n\n\n

“If Boeing executives show a good will, we are ready to hold talks and find a mutually-beneficial out-of-court settlement for compensation of the losses we have suffered,” he said.<\/p>\n\n\n\n

He added that the jets were ordered for a number of Russian air companies, including domestic low-cost firm Pobeda, a unit of the state carrier Aeroflot.<\/p>\n\n\n\n

Russia is mainly using Boeing and Airbus jets for passenger flights, with a number of domestic airlines also adding Russian-made regional Sukhoi Superjet aircraft to their fleets.<\/p>\n\n\n\n

The Rostec subsidiary now wants the deposit to be returned by Boeing with interest, along with $75 million in “lost profit” and about $115 million in compensatory damages, plus “several times the amount” in punitive damages, the FT said.<\/p>\n\n\n\n

Rostec declined to provide further details about the lawsuit.<\/p>\n\n\n\n

(Reporting by Gleb Stolyarov; writing by Anton Kolodyazhnyy and Tom Balmforth; Editing by Sherry Jacob-Phillips\/Katya Golubkova and Emelia Sithole-Matarise)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4510,797,4813,89,799,5637,5992,5670,2203,4957,5676,1397,868,1103],"tags":[927,45,4482,539,47,464,118,6510,160,41,3911,2390,1925,2234,2830,6509,2038,2673,736,447,1782,6512,3149,2514,6516,3709,1898,3921,4769,6514,46,1369,412,995,3946,6515,1089,1288,6511,1362,1340,1651,1055,1634,6513,131,132,5154,1691,1658,1916,1522,839],"class_list":["post-5874","post","type-post","status-publish","format-standard","hentry","category-aerospace-news","category-airline-news","category-airplane-news","category-aviation-news","category-boeing-news","category-business-news","category-economic-news","category-economy-news","category-finance-news","category-global-politics","category-international-news","category-stock-news","category-transportation-news","category-travel-news","tag-927","tag-45","tag-aeroflot","tag-air","tag-airbus","tag-aircraft","tag-airlines","tag-avia","tag-aviation","tag-boeing","tag-cancelling","tag-capital","tag-carrier","tag-cash","tag-companies","tag-conglomerate","tag-contracts","tag-court","tag-crash","tag-deal","tag-delivery","tag-deposit","tag-fatal","tag-financial","tag-fleets","tag-grounded","tag-jets","tag-killed","tag-lawsuit","tag-losses","tag-max","tag-moscow","tag-news","tag-order","tag-out","tag-pobeda","tag-regional","tag-reuters","tag-rostec","tag-russia","tag-russian","tag-scheduled","tag-service","tag-state","tag-suffering","tag-sukhoi","tag-superjet","tag-times","tag-transport","tag-transportation","tag-travel","tag-unit","tag-worldwide"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5874"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5874\/revisions"}],"predecessor-version":[{"id":5878,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5874\/revisions\/5878"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}