Subscribe Free
in Business & Finance

Boeing will not increase production of 787 and may cut 777 out-put unless sales improve

Posted 12 August 2016 · Add Comment

Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.

“If the market’s not going to demand it, we’re not going to go,” said chief financial officer Greg Smith. “It’s not the end of the world if Boeing keeps 787 production at 12 a month instead of lifting it to 14 as planned. We can still be profitable in the programme as I see it today at 12.”

Boeing took $1.7 billion in after-tax charges in its latest result for the 787 and 747 programmes to account for excess 787 inventory and slow 747 sales.

Smith said the company would decide in the next two months whether to cut 777 output further.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

New airport to help the pilgrims progress

Work is under way to establish a new international airport in Taif, Saudi Arabia, to help meet growing demand for haj and umrah flights. Alan Dron reports.

Emirates Airline to improve passenger experience at Terminal 3

Travellers departing from Dubai International Airport Terminal 3 can look forward to a smoother airport experience with the implementation of two new initiatives that will streamline the check-in and immigration checks at

Executive AirShare's Launch Lease offers Middle-Market companies travel flexibility

Companies of all sizes see the impact private travel can make to their bottom line. By avoiding the hassle and delays of commercial travel, their leaders utilise their time more efficiently to see more people, more frequently, to ensure

Oman gets first Typhoon

The Royal Air Force of Oman has received its first Eurofighter Typhoon combat jet - part of a batch of 12 - with its arrival marked with a ceremony, held last week in the presence of the Commander of the Royal Air Force of Oman - Air Vice-Marshal

Why the SANG will soon be on song

Building a 156-strong rotary-wing fleet is a part of the Saudi Arabian National Guard's modernisation effort, which fits into the country's 2030 modernisation plan. David Oliver reports.

Honeywell helps aircraft operators comply with upcoming mandates

Honeywell has met the performance standard for transponders required by the European Aviation Safety Agency to make air traffic management safer and more efficient.

TAA SK 12MTHS16
See us at
AIME BT1204240118Aviation Africa BT18418Global Aerospace BT28218DAS BT1105161117RMIT BT1631817DIAC BT1105121117