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Report: Boeing 787 launch delayed again
April 9, 2008 7:58 AM ET
dap('&PG=INVNWS&AP=1089',300,250);
NEW YORK (AP) - Boeing will announce Wednesday that its massive 787 aircraft will be delayed at least 14 months, and possibly 18 months, after it was originally scheduled to be launched, according to media reports. The Times of London reported on its Web site late Wednesday, quoting those familiar with the matter who asked not to be identified, that delays for 787 could reach 18 months, while the Seattle Post-Intelligencer put the delay at 14 months from the original goal. Boeing has said its goal is to send the 787 on its first flight by the end of June, and deliver the first plane to All Nippon Airways in early 2009. However, after announcing a third major delay in the 787 program in January, Chicago-based Boeing said it would review the schedule once again.
Lori Gunter, a spokeswoman for the 787 program, said she could not comment before a previously scheduled conference call later Wednesday. Delays for Chicago-based Boeing could come close to those experienced by European rival Airbus, which saw delays of 18 months for its A380. Analysts, as well as major buyers of the aircraft, have said in recent weeks that they expect delays of six to nine months.
Boeing said in October that the aircraft would be delayed 6 months, then in January, announced another three-month delay. The aircraft initially was expected to fly around September 2007. The 787 will be the first large commercial airplane made mostly of carbon-fiber composites, which are lighter and more durable than the metals used in most planes today. Boeing has said it will save fuel and be cheaper to maintain than comparable planes flying today.
Boeing shares fell 2.4 percent, or $1.82, to $73.20 in premarket trading.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080409&id=8459334
April 9, 2008 7:58 AM ET
dap('&PG=INVNWS&AP=1089',300,250);
NEW YORK (AP) - Boeing will announce Wednesday that its massive 787 aircraft will be delayed at least 14 months, and possibly 18 months, after it was originally scheduled to be launched, according to media reports. The Times of London reported on its Web site late Wednesday, quoting those familiar with the matter who asked not to be identified, that delays for 787 could reach 18 months, while the Seattle Post-Intelligencer put the delay at 14 months from the original goal. Boeing has said its goal is to send the 787 on its first flight by the end of June, and deliver the first plane to All Nippon Airways in early 2009. However, after announcing a third major delay in the 787 program in January, Chicago-based Boeing said it would review the schedule once again.
Lori Gunter, a spokeswoman for the 787 program, said she could not comment before a previously scheduled conference call later Wednesday. Delays for Chicago-based Boeing could come close to those experienced by European rival Airbus, which saw delays of 18 months for its A380. Analysts, as well as major buyers of the aircraft, have said in recent weeks that they expect delays of six to nine months.
Boeing said in October that the aircraft would be delayed 6 months, then in January, announced another three-month delay. The aircraft initially was expected to fly around September 2007. The 787 will be the first large commercial airplane made mostly of carbon-fiber composites, which are lighter and more durable than the metals used in most planes today. Boeing has said it will save fuel and be cheaper to maintain than comparable planes flying today.
Boeing shares fell 2.4 percent, or $1.82, to $73.20 in premarket trading.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080409&id=8459334