Boeing presented results for the first quarter of 2022, in which it lost nearly $1.5 billion. The US airframer revealed losses in various programs such as the T-7A trainer jet and the new Air Force One, but it was the issues in commercial planes that returned to concern.
As expected, the manufacturer has confirmed that the entry into service of the 777X, its newest jetliner, will only take place in 2025. In addition, Boeing revealed that production of the twin-engine widebody will be paused until 2023. The assembly line at Everett will also be adjusted to produce more 777-8F freighters from 2024.
The decision to delay entry into service was made after “an updated assessment of the time required to meet certification requirements,” the company explained.
“We remain confident in the 777 program and our customers continue to see the value in its compelling economics and sustainability benefits,” said Dave Calhoun, Boeing CEO, in a message to employees.
Fear of order cancellations
Despite the optimism, market analysts fear that 777X customers could drop their orders as the delay would eliminate the need to pay contractual penalties.
On other fronts, Boeing was more optimistic. The 737 MAX family, for example, has expanded deliveries, which reached 34 aircraft in March. Calhoun confirmed the intention to reach a production rate of 31 jets from the second quarter.
Regarding the 787 Dreamliner, which has had deliveries suspended since July 2021, the company said it had submitted the certification plan to the FAA. “Rework has been completed on the initial airplanes and the company continues to work closely with the FAA on timing of resuming deliveries,” Boeing said, without predicting a date for resuming deliveries.