Boeing CEO Delays Launch of Next-Generation Jet to End of Decade to Repair Finances
Boeing's chief executive said the company is not yet financially positioned to launch a next-generation single-aisle aircraft, stating it needs a couple more years to repair finances and fund expanded production capacity.
The planemaker projected the new jet program will not reach the market until the end of the next decade. While describing the company as turning the corner in a resilient demand environment, the chief executive emphasized that additional investments in new facilities are required to continue ramping output on current models.
From the sources (12 posts)
@wallstengineFAA TO ANNOUNCE IT WILL ALLOW BOEING TO RESUME TICKETING FOR ALL 737 MAX, 787 AIRPLANES - REUTERS CITING AN EMAIL TO CONGRESS
@firstsquawkFAA TO ANNOUNCE IT WILL ALLOW BOEING TO RESUME TICKETING FOR ALL 737 MAX, 787 AIRPLANES
@cnbcFAA lets Boeing sign off on 737 Max, 787 airworthiness certificates again
@reutersBoeing studying new 737 MAX production hikes
@businessBoeing Co. is working through supplier logjams for its 787 Dreamliner as the US planemaker drives to ramp up production of its money-making models.
@ftBoeing says it will be ready to fund new plane programme by 2030
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@firstsquawkBoeing CEO: We’re Turning The Corner More Work To Do, But Pleased With Progress Still Have To Ramp Up Higher Investing In New Capacity, New Facilities To Continue Ramping Up Production Market Is ‘Super Resilient’
@firstsquawkBOEING CEO: NOT YET IN A POSITION FINANCIALLY FOR NEXT-GEN AIRCRAFT
@cnbcBoeing CEO says company still needs 'a couple more years' to repair finances before new jet
@business"President Trump has been very helpful in sales campaigns." Boeing CEO Kelly Ortberg tells Bloomberg's Guy Johnson the planemaker is "turning the corner" as it rebuilds trust and improves performance
@businessBoeing predicted it will need until the end of next decade to bring its next-generation single-aisle aircraft to market