Boeing Shifts Schedule for 787 First Flight
Wednesday January 16, 8:45 am ET
- First delivery now expected in early 2009
- No impact on 2007 financials; no material impact on 2008 earnings guidance
EVERETT, Wash., Jan. 16 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA - News) today announced that first flight of the 787 has been moved from the end of the first quarter of this year to around the end of the second quarter to provide additional time to complete assembly of the first airplane. Deliveries are now expected to begin in early 2009, rather than late 2008.
"The fundamental design and technologies of the 787 remain sound," said Scott Carson, president and CEO of Boeing Commercial Airplanes. "However, we continue to be challenged by start-up issues in our factory and in our extended global supply-chain."
Carson said that while solid progress has been made on the assembly of Airplane #1, the rate at which jobs are being completed has not improved sufficiently to maintain the current schedule.
Read the complete post at http://www.flightglobal.com/blogs/flightblogger/2008/01/breaking-boeing-confirms-first.html
Wed, Jan 16 2008 1:59 PM
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