Boeing Co is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry's largest jetliners.
) is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry’s largest jetliners.
But stretching out the development opens up fresh risks for Boeing, such as losing engineering attention and momentum, and tougher scrutiny from the U.S. Federal Aviation Administration during the years-long certification process.An announcement of the delay could come as early as next week when Boeing announces earnings, one of the people said.
Now Boeing is preparing to delay the timeline by perhaps a year, two of the people said. A third said a delay was likely but that Boeing wanted to get production “going hard” to put planes in the air by 2022-2023. The 777X - composed of two models, the 777-8 and the larger and more closely watched 777-9 which seats 406 passengers and is due to be delivered first - competes with the Airbus A350-1000, which seats about 360 passengers.
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