MIAMI – Boeing reported on Monday that 118 of its wide-body 777X order was no longer firm under accounting regulations. Therefore, Boeing has to determine its feasibility regularly, which left the company with only 191 finalized orders for the 777X.
Boeing revealed last week a US$6.5bn charge on the 777X, partially due to the weakest-than-expected demand for the model. Moreover, Boeing pushed 777X’s EIS until end of 2023, in expectation of a slower, more expensive and extensive certification process.
A Worst Year of All
Source:: “Airways Magazine”