Emirates Mulls Swapping a Third of Boeing 777X Orders to 787
Bloomberg 2/3/2021 Layan Odeh and Julie Johnsson
(Bloomberg) Boeing Co.’s biggest 777X customer is weighing whether to swap as many as a third of its orders for the smaller 787 Dreamliner, said a person familiar with the matter, adding to the uncertainty swirling around the behemoth jet’s future.
Gulf carrier Emirates is seeking to switch between 30 and 40 of its 115 commitments for the 777X to the Dreamliner as it calibrates fleet plans, said the person, who asked not to be identified discussing private considerations. The moves could further squeeze the profits of Boeing’s newest jet, which faces a lengthy regulatory review and design changes.
Boeing’s 777X Charge, 787 Woes Make Max the Key to Turnaround
Bloomberg 1/27/2021 Julie Johnsson
(Bloomberg) Boeing Co.’s turnaround is riding on the slender wings of its 737 Max after its newest jetliner was delayed by another year and manufacturing defects hobbled deliveries of the marquee 787 Dreamliner.
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The company recorded a $6.5 billion charge as it pushed back the first delivery of the behemoth 777X variant to late 2023 three years behind the initial schedule. Boeing logged a total of $8.3 billion in writedowns for the fourth quarter, including charges for its services decision and a glitch-riddled military tanker, closing out one of the worst years in its century-long history.
Boeing Co.’s test of the largest rocket in U.S. history ended earlier than expected on Jan. 16 because a hydraulic-system setting exceeded a preset limit, dealing another setback to the company’s space ambitions.
Boeing Co. won an order from Atlas Air Worldwide Holdings Inc., the world’s largest 747 operator, for the final four humpbacked freighters that will roll out of the planemaker’s Seattle-area factory.