Boeing Delays New Jet Launch for 2 More Years as Backlog Strains Finances
Updated
Updated · Fox Business · Jul 20
Boeing Delays New Jet Launch for 2 More Years as Backlog Strains Finances
3 articles · Updated · Fox Business · Jul 20
Summary
Boeing has started early studies for a new airplane but has no firm configuration and is not ready to launch the program, CEO Kelly Ortberg said ahead of the Farnborough Airshow.
A couple more years are needed to repair finances, mature technology and deliver delayed aircraft, with Ortberg saying Boeing's problem is execution rather than demand.
777X deliveries remain a priority, and Boeing kept the wide-body jet in the U.S. instead of flying it at Farnborough while it awaits FAA certification.
FAA approval for the 737 MAX 7 could come as soon as late July, with Ortberg expecting the larger MAX 10 to follow not long afterward.
200 additional Boeing jet orders from China underscore the pressure to improve production and reliability before launching a new model to challenge Airbus' A320 family.