Here’s the Reuters story. Analyst Richard Safran is forecasting first deliveries in July 2009 at the earliest – that’s six months later than the current delay acknowledged by Boeing.
Boeing’s problem is that it’s been steadily spending its credibility-equity with the financial community. As often observed, the market doesn’t like surprises. Actually hardly anyone will be surprised if this latest development comes to pass because for whatever reason Boeing’s most recent update on the 787 was greeted with considerable scepticism anyway.
But while not liking surprises, the market absolutely loathes complete uncertainty. And that would be where this situation was heading. That’s if Mr Safran is correct. (And I know for a fact that he’s not the only one who thinks there’s trouble ahead.)
Update: Scott Hamilton tells Seattle radio station KIRO that the delay relates to the installation of wiring in the second airplane.