The Kuwaiti company, Alafco, to finance the purchase and leasing of aircraft, filed a lawsuit against Boeing, requesting it to pay compensation in the amount of 336 million dollars.
According to Reuters, Alafco accused Boeing of unjustly refusing to pay prepayments for an order that is now canceled for the purchase of 40 of its troubled 737 Max planes.
The lawsuit was filed on Wednesday in the Federal District of Chicago, USA.
In it, it accused Alafco, the company that financed the purchase and leasing of Boeing aircraft, of violating the contract by keeping payments, even though it was unable to deliver the aircraft or set a modified schedule for delivery.
Alafco said it canceled the order on March 6 after Boeing failed to deliver nine aircraft on schedule. She added that Boeing had opposed its complaint that the problems amounted to undue delay, which would justify the return of the payments.
Boeing has yet to respond to requests for comment.
The Chicago-based company suspended delivery of 737 MAX planes in March 2019 when the Federal Aviation Administration prevented the plane from flying after 346 people were killed in the crashes of two such aircraft, which were operated by Lion Air and Ethiopian Airlines.
Boeing is also facing the consequences of the Corona virus, which has forced it to cut production as a result of falling demand, liquidity problems of airline customers and logistical obstacles to aircraft delivery.
Alafco buys large commercial aircraft and leases them to airlines. Its largest owners are Kuwait Finance House, Gulf Investment Corporation and Kuwait Airways, according to the company's website.
Boeing shares closed Wednesday, down $ 1.36 at $ 134.97. Its shares have lost more than two-thirds of their value since early March 2019, before the 737 MAX was prevented from flying.
