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

Boeing Helena site expands to support 777X aircraft production

Boeing employees and community members have commemorated the 90,000 square-foot expansion of Boeing Helena to support 777X airplane production.

Congo Airways revises fleet expansion plans

Congo Airways is considering both Airbus and Boeing products for its narrow-body fleet expansion plans the carrier's Chief Executive Officer Desire Balazire has disclosed, reports ch-aviation.

Embraer appoints CCO for Executive Jets business unit

Embraer has appointed Stephen Friedrich as Chief Commercial Officer for the Company's executive aviation business unit, effective immediately.

Flying Colours appoints Trevor Knox as director of maintenance

Flying Colours, the North American maintenance, refurbishment and completions company that does business in Africa, has confirmed the appointment of Trevor Knox as Director of Maintenance. Knox, who takes up the position with

Lagos slumps as travel to Africa displays double-digit growth

An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air

FlightSafety Academy introduces Growth and Achievement Programme for new students

FlightSafety International, that has a Learning Centre in South Africa, has announced a new Integrated Growth and Achievement Preparation Programme for students entering the FlightSafety Academy in Vero Beach, Florida.

AfBAC Expo SK2017
See us at
ACI Africa BT77181017Aviation Africa BT18418Global Aerospace BT28218AfBAC Expo BT2017GroundHandling BT0303280917