Boeing axes 210 orders after India's Jet stops flying

Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways. Under recent changes in accounting rules, Boeing hives off orders that no longer meet its criteria for recognizing revenue into a separate category, while defending contractual claims. Boeing finance director Greg Smith confirmed the adjustment was related to financial problems at Jet Airways, which halted all flight operations indefinitely on April 17 after its lenders rejected a plea for emergency funds.
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