Boeing Dreamliner Delayed Again

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Key Takeaways:

  • Boeing announced further significant delays for its 787 Dreamliner, pushing deliveries to the third quarter of 2009 (14-16 months late).
  • The company also drastically cut its 2009 production goal for the 787, from over 100 airplanes to just 25.
  • Some industry analysts viewed the new, more realistic schedule as "good news," though airlines that placed nearly 900 orders may seek compensation for the delays.
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Boeing announced on Tuesday that its 787 Dreamliner will be delivered 14 to 16 months late, but some industry analysts said that was good news, the Seattle Times reported — it at least was a schedule they could believe. The original completion date had already has been pushed back twice. This week, the company added another six months, saying the airplane won’t fly until October and will be delivered in the third quarter of 2009. Boeing also reduced its production goals, saying it will deliver just 25 of the airplanes next year, down from over 100 in earlier estimates.

Some airlines that ordered the airplane have said they may seek compensation from Boeing for the delay. The company has accepted almost 900 orders, worth over $150 billion, for the airplane.

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