“Boeing pushed back the first delivery of its long-delayed 777X jet program to 2027 and incurred larger-than-expected costs of $5 billion.” – reports Reuters. The agency notes that this extends the series of failures of the aviation giant.
He points out that the 777X was the centerpiece of Boeing's long-term widebody strategy, previously dominated by the iconic 747 and 777 jets. “Repeated certification and production delays have delayed deliveries for years, generating costs of more than $15 billion.” – Reuters concludes.
Boeing with further delays of the 777X jet
The agency recalls that last month Boeing CEO Kelly Ortberg reported a “tremendous amount of work” needed, but made no mention of further delays in the delivery of the first plane, which was scheduled for 2026.
Boeing shares on the US stock exchange lost about 3% at the beginning of Wednesday's session.
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Many experts did not expect that the costs associated with postponing the deliveries of new planes would be so expensive. Richard Aboulafia, managing director of AeroDynamic Advisory, quoted by Reuters predicted between $2 and $4 billion. He reassures you that he doesn't expect that This financial blow will have catastrophic financial consequences for debt-ridden Boeing, but “raises questions about the possibility of further surprises.”.
Boeing and its new 777X plane
Boeing is one of the world's largest producers of passenger aircraft, military aircraft and space equipment, and its activities have been shaping the global aerospace and defense market for decades. The company, founded in 1916 in the United States, has become an industry leader thanks to the development of innovative aviation technologies, cooperation with airlines around the world and a wide range of machines intended for both passenger and cargo transport.
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One of Boeing's most important projects in recent years is the 777X model, which is the latest generation of the popular Boeing 777 family and announced as the largest and most efficient twin-engine passenger aircraft in the world, equipped with new GE9X engines, composite wings with foldable tips and modern avionics. The aircraft is expected to offer lower fuel consumption and greater range to meet the growing long-haul needs of airlines, and its entry into service, although delayed, is widely expected as an important step in the development of the modern wide-body fleet.
