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Boeing's long-delayed 777X jet is now expected to begin deliveries in early 2027 instead of next year, Bloomberg reported, citing sources familiar with the matter. Launch customer Deutsche Lufthansa AG has already excluded the aircraft from its fleet plans until that time. The setback comes as Boeing continues to struggle with certification, though CEO Kelly Ortberg recently said no new technical issues had emerged, only that a "mountain of work" remained. Analysts expect Boeing to take a $1-4 billion charge in its upcoming Q3 earnings, adding to the $10 billion already written off on the program. The 777X, originally planned for 2020 delivery, will now be at least seven years late, with RBC Capital Markets forecasting deliveries beginning in the second half of 2027.
Delivery of Boeing's BA.N 777X jet is being pushed back to early 2027, instead of next year, Bloomberg News reported on Thursday, citing people familiar with the matter. Advertisement
Deutsche Lufthansa AG LHAG.DE, the launch customer for Boeing's newest widebody aircraft, is already preparing for a setback and not including the 777X in its fleet plans until 2027, the report said, citing one of the sources.
Boeing declined to comment.
Several Wall Street analysts expect Boeing to announce a charge related to the delay ranging from $1 billion to $4 billion in its third-quarter earnings report later this month.
Boeing CEO Kelly Ortberg said last month that the company was behind schedule in certifying the jet, saying a "mountain of work" needed to be done. He added, however, that no new technical problems had been identified and did not indicate a new delay to first delivery.
The company was expected to deliver the first 777X jet in 2026, already six years later than had been anticipated when the program was launched in 2013. The planemaker has already taken more than $10 billion in charges on the program.
Investment analysts lowered their free cash flow projections for 2026 after Ortberg acknowledged new certification difficulties.
RBC Capital Markets aerospace analyst Ken Herbert told investors on Sunday that he expects 777X deliveries to start in the second half of 2027.
Source: Reuters
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