Separately, Boeing took a $402 million write-off for a refueling tanker that it makes for the U.S. Boeing CEO David Calhoun (seen here at a January 2020 event at the White House) is expressing optimism about the long-term prospects for the 787 Dreamliner. Following a redesign that won FAA approval, Boeing delivered 245 Max jets last year, bringing in much-needed cash. The 787 saga is unfolding just as Boeing tries to move past the grim early record of the 737 Max, which was grounded worldwide for nearly two years after two crashes that killed 346 people in all. American officials say Boeing has agreed to pay penalties for missing deadlines, and they say there could be negotiations over additional compensation if delays drag out much longer. Without the 787s that it expected to receive by now, American Airlines has dropped some international flights planned for next summer. “Our mechanics are learning a ton in the process.”īoeing’s failure to resume deliveries is causing headaches for airline customers. “The rework process is going well - it’s long, it’s disciplined, but it’s going well,” CEO David Calhoun told CNBC. Manufacturing problems with the 787 will add $2 billion in production costs, Boeing said. Shortly after resuming deliveries, Boeing stopped them again in May 2021 as other problems emerged, including faulty titanium parts from a supplier, and the company has been unable so far to win Federal Aviation Administration approval for its fixes. After design changes, the plane became a hit with both airlines, which appreciated its fuel economy on long flights, and travelers, who liked the bigger windows and more comfortable cabin.īoeing halted deliveries, however, in late 2020 because of production flaws including gaps where panels of the carbon-composite fuselage are joined. The two-aisle 787 was grounded for more than three months in 2013 by overheating lithium-ion batteries. The Chicago-based company still finished far behind European rival Airbus in delivering new planes last year, partly because of the 787. The company said manufacturing problems with the 787 will add $2 billion in unusual production costs, double an earlier projection.īoeing is coming off a year in which aircraft sales rebounded after a slump caused by the grounding of its 737 Max airliner and a pandemic that crippled air travel. The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copies of its 787 jetliner and compensation for airlines that are still waiting to get their planes. Boeing plans to cut about 2,000 finance and HR jobs in 2023īoeing bids farewell to an icon, delivers last 747 jumbo jetĪmerican Airlines to ditch first-class seats for business ‘suites’ on international flightsīoeing says ‘lessons learned’ from costly Air Force One dealīoeing reported a $4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much worse.
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