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

UAE Space Agency and Algerian Space Agency strengthen ties

The UAE Space Agency has signed a Memorandum of Understanding with its Algerian counterpart the Algerian Space Agency.

Etihad Airways and Jet Airways sign agreement with Government of Maharashtra

Etihad Airways and strategic partner Jet Airways, India's full-service premium international carrier, have signed an agreement with the Government of Maharashtra to promote tourism to the western Indian state.

Flydubai named Best Low-Cost Airline serving the Middle East

Flydubai was named “Best Low-Cost Airline serving the Middle East” at the 2017 Business Traveller Middle East Awards held in Dubai on 23 April.

Gulf Air Appoints VFS Global to Provide Visas for Bahrain Visitors

Gulf Air has partnered with VFS Global, the largest visa service provider in the world, to facilitate visa issuance for passengers flying to Bahrain. The online visa facility will launch this summer on gulfair.com.

Emirates wins four awards at Business Traveller Middle East 2017

Emirates Airlines won four accolades at the ‎Business Traveller Middle East 2017 Awards this week.

Boeing reports first-quarter results

The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programmes and services.

TAA SK 12MTHS16
See us at
AIME BT1204240118EBACE17 BT0103240517Airport Show Dubai BT 2017