Feb. 8—Boeing Co.’s newest jetliner is becoming its latest big problem, stretching out development, racking up a huge charge and complicating the plane maker’s bid to navigate the Covid-19 pandemic.
When Boeing decided to build the 777X in 2013, engineers designed it for airlines w
Boeing’s New Big Plane Is Its Big New Problem
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(REUTERS)
. Updated: 06 Feb 2021, 02:28 PM IST The Wall Street Journal
U.S. aerospace company last year booked $6.5 billion charge related to new 777X, citing Covid-19 pandemic and regulatory hurdles
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Boeing Co.’s newest jetliner is becoming its latest big problem, stretching out development, racking up a huge charge and complicating the plane maker’s bid to navigate the Covid-19 pandemic.
When Boeing decided to build the 777X in 2013, engineers designed it for airlines wanting to connect the globe’s major cities and carry some 400 passengers more efficiently than any of its earlier widely used jets. As the latest version of Boeing’s long-range jetliner introduced in the 1990s, it features two giant, fuel-efficient engines and big wings that fold so they can pull up to airport gates.
Boeing Co said on Monday that 118 orders for its 777X widebody plane under development are no longer seen as firm under accounting rules that require it to regularly assess their viability, leaving it with 191 solid orders for the model.
03/02/2021
It s the latest in a string of setbacks for the airline manufacturer. Credits: Boeing
Boeing has confirmed that 118 orders for its 777X widebody plane under development are no longer seen as firm under accounting rules that require it to regularly assess their viability, leaving it with 191 solid orders for the model.
Boeing last week announced a US$6.5 billion charge on the 777X in part due to weaker-than-expected demand for the model. It also pushed back its entry into service by a year to late 2023 in anticipation of a longer, costlier certification process. Photo credit: Boeing Delays on the 737 MAX and 777X programs have resulted in, and may continue to result in, customers having the right to terminate orders and or substitute orders for other Boeing aircraft, the manufacturer said in a regulatory filing.