Boeing Misses 2011 Delivery Target Amid 787 and 747-8 Delays |
BusinessWeek - Jan 5, 2012 |
Boeing Co. failed to deliver as many of the new 787 Dreamliner and 747-8 jumbo jets as planned in 2011 after turning each model over to its first customer in the second half, years behind schedule.
The planemaker delivered three Dreamliners and nine 747-8 freighters, lagging behind the combined goal given in October of 15 to 20 of the aircraft. Overall, 477 jets were released to customers last year, Boeing said today in a statement. The forecast was for 480.
For the composite-plastic Dreamliner, “we expect lumpy deliveries and are therefore not overly concerned with 3-4 deliveries slipping out of 2011 and into 2012,” Jason Gursky, a Citigroup Global Markets Inc. analyst, said in a note yesterday. Timing is significant, because Boeing gets about 40 percent of the payments from airlines upon delivery.
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- Posted: 2012-01-05 12:17:15
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