Boeing pushes back launch of 777X citing Covid and regulators
The planemaker will absorb a $6.5bn pre-tax charge because of the delay, with the first delivery likely to be three years behind the initial schedule
27 January 2021 - 17:11
Chicago — Boeing has pushed back the debut of its 777X jetliner, citing the coronavirus pandemic and close regulatory scrutiny of the new plane, saying it would absorb a $6.5bn pre-tax charge because of the delay.
The first delivery of the behemoth 777X won’t be until late 2023, three years behind the initial schedule, Boeing said in an earnings statement on Wednesday. Additional writedowns brought total charges to $8.3bn, with hits to the company’s services division and a military tanker, to close out one of the worst years in the US planemaker’s century-long history...
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