Russia pulls out of 20 Boeing 737 MAX contracts

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Russia pulls out of 20 Boeing 737 MAX contracts

Moscow - National airline Aeroflot has pulled out of the contracts for 20 Boeing 737 MAX planes, the low cost unit of Russian flag carrier Pobeda announced on Tuesday.

Russia has not authorised flights by Boeing 737 MAX planes since a ban that followed two crashes involving the aircraft that killed 346 people in 2018 - 19.

In a statement Pobeda sent to Reuters, we have given up on firm contracts for 20 Boeings 737 MAX, without penalties.

Leasing companies GECAS and SMBC had to deliver five and 15 of the planes to Pobeda, respectively.

The airline said one of the reasons for the decision not to purchase the aircraft was the lack of state approval to use them.

Pobeda pilots 44 Boeing 737 800 aircraft and expects to receive 20 planes a year from its parent company Aeroflot in 2022 2023.