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Boeing slashes 777X order book

Boeing has slashed its flagship 777X backlog by almost 40 percent to just 191 jets in a 10-K filing.

The company’s website lists 309 firm sales but the latest delay to the jet’s debut now set for late 2023 has given some airlines the options of exiting the program and over 100 orders are at risk.

Last week when Boeing announced its US$11.94b record loss and massive US$6.5B charge for the 777X it warned that cancellations, production cuts, and flight-testing risks could cause additional losses.

The latest delay makes the program three years late.

The COVID pandemic wiped out demand for read more ⇒

Source:: AirlineRatings.Com

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