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

AAR signs extended PBH contract with Air Austral

AAR has secured an extension of its contract supporting Air Austral's fleet of B737NG aircraft, which began in 2009.

PARIS AIRSHOW: Ethiopian wins Best Airline in Africa at Skytrax awards

Ethiopian Airlines won Skytrax World Airline Award for The Best Airlines in Africa at the Paris Air Show this week.

Sabena technics and Precision Air extend collaboration

Precision Air is to keep Sabena technics for the component support of its entire fleet of ATRs.

Etihad Airways to increase services to North Africa

Etihad Airways is increasing capacity between its Abu Dhabi hub and key markets of Amman, Beirut, Cairo, Casablanca and Rabat to cater to the peak June September travel period, while additional services to Dammam will be year-round.

Airbus launches new open aviation data platform to support digital

Airbus has launched a new aviation data platform in collaboration with Palantir Technologies pioneers in big-data integration and advanced analytics. Skywise aims to become the single platform of reference used by all major

PARIS AIRSHOW: GE and its JV partners receive more than $31 billion in orders

GE Aviation and its joint venture companies, led by CFM International, announced more than $31 billion (USD) in orders and commitments at this week's Paris Air Show.

Aviation Africa SK18418
See us at
Aviation Africa BT18418Global Aerospace BT28218GroundHandling BT0303280917