Boeing's 777X Faces Major Delay, Now Expected in 2027
Boeing's long-awaited 777X aircraft faces further delays, with Emirates and Lufthansa now expecting deliveries no earlier than 2027. The setback, attributed to certification issues, could cost Boeing billions and impact its competition with Airbus.
Boeing CEO Kelly Ortberg recently acknowledged that the 777X's certification is behind schedule, citing a 'mountain of work'. The delay, initially expected to push back deliveries to 2025, now sees Emirates and Lufthansa removing the 777X from their flight plans until 2027.
Analysts predict the delay could impose a financial burden of $2.5 to $4 billion on Boeing. To mitigate this, Boeing executives are planning a damage limitation strategy, aiming to spread the financial consequences across the entire jet program. Additionally, Boeing is exploring a strategic partnership with Palantir, employing AI software to enhance production efficiency and aircraft maintenance, thereby improving operational performance.
The 777X, crucial for Boeing's market share in the lucrative long-haul sector, now faces a significant setback. With deliveries pushed back to 2027 and potential costs reaching billions, Boeing must navigate these challenges to maintain its competitive edge against Airbus. Meanwhile, key customers like Emirates and Lufthansa await the 777X's entry into service.
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