By BBC.
Flyadeal, a low-cost Saudi Arabian airline, has cancelled its order for 30 Boeing 737 Max aircraft, a decision that follows the crashes of two 737 Max jets in Indonesia and Ethiopia.
The first crash occurred in Indonesia in October 2018, killing all 189 people on board, while the second crash in Ethiopia in March 2019 claimed the lives of 157 people.
Since the crashes, the 737 Max has been grounded, and Boeing has been working on a software fix to satisfy regulators.
According to Boeing, Flyadeal decided not to proceed with the order due to 'schedule requirements.'
The deal, which included an option to purchase 20 more 737 Max aircraft, was worth $5.9 billion at list prices, but the airline would have received a discount on the price tag.
Instead, Flyadeal will operate a fleet of Airbus A320 planes.
Boeing has been working with regulators to roll out a software upgrade for the 737 Max, but there is no clear timeline for when the aircraft will be cleared to fly again.
Recently, Boeing announced a $100 million payment to help families affected by the two crashes, a move that was met with skepticism by lawyers for victims' families.
