Emirates Mulls Swapping a Third of Boeing 777X Orders to 787
Bloomberg 2/3/2021 Layan Odeh and Julie Johnsson
(Bloomberg) Boeing Co.’s biggest 777X customer is weighing whether to swap as many as a third of its orders for the smaller 787 Dreamliner, said a person familiar with the matter, adding to the uncertainty swirling around the behemoth jet’s future.
Gulf carrier Emirates is seeking to switch between 30 and 40 of its 115 commitments for the 777X to the Dreamliner as it calibrates fleet plans, said the person, who asked not to be identified discussing private considerations. The moves could further squeeze the profits of Boeing’s newest jet, which faces a lengthy regulatory review and design changes.
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.
Boeing’s 777X Charge, 787 Woes Make Max the Key to Turnaround
Bloomberg 1/27/2021 Julie Johnsson
(Bloomberg) Boeing Co.’s turnaround is riding on the slender wings of its 737 Max after its newest jetliner was delayed by another year and manufacturing defects hobbled deliveries of the marquee 787 Dreamliner.
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The company recorded a $6.5 billion charge as it pushed back the first delivery of the behemoth 777X variant to late 2023 three years behind the initial schedule. Boeing logged a total of $8.3 billion in writedowns for the fourth quarter, including charges for its services decision and a glitch-riddled military tanker, closing out one of the worst years in its century-long history.