GE Capital Aviation Services (GECAS), aircraft lessor, has announced that it reach an agreement with Boeing on cancellation of 69 undelivered 737 MAX planes.

Although GECAS has taken a decision to cancel a dozen of 737 MAX aircraft, the company is still committed to the type as it maintains 29 MAX aircraft in its fleet and still has 82 on order.

“Today’s agreement will help GECAS better align our available fleet with the needs of our global customer base. We remain fully committed to the 737 MAX program and our valuable, long-term partnership with Boeing”, said Greg Conlon, GECAS President and CEO.

The news from GECAS has come days after Boeing revealed it faced 150 cancellations for the 737 MAX in March.