Business

Boeing will begin delivering the 787 six months later than scheduled
by Corina Ciubotaru

American airplane manufacturer Boeing announced a delay in the delivery date of its new 787 Dreamliner. Minor technical problems from suppliers added up to a point where the company had to produce many parts of the airplane in-house, so for the time being there is a six-month delay, but the business is not expected to suffer great loss in terms of profit. 15 of the 50 customers that have ordered planes will be affected by the delay but the orders have delivery dates well into 2013. The first 787 has been completed and is now being tested and it is the first plane from Boeing since 1995 saw the release of the 777. It is made of new materials such as carbon fiber, some of which is being supplied by Japanese firm Toray under a 16 year contract worth at least $6 billion. Toray and Boeing have had no complaints about each other but the delay announcement is estimated to affect other suppliers like Mitsubishi Heavy Industries and Kawasaki Heavy whose stock prices have fallen after the decision was made public. Rolls Royce, which manufactures the airplane's engine, estimates it will not be affected this year or the next. Companies that have ordered planes from Boeing include Northwest Airlines (18 jets), British Airways, Qantas (65 jets), All Nippon Airways (50 jets) and Japan Airline Corp (35 jets). A total of 700 787s are expected to be delivered worldwide by 2009, but some analysts are skeptical about this possibility given the delays.

related story: http://news.yahoo.com/s/ap/20071010/ap_on_bi_ge/boeing787;_ylt=AmNMm42.uaC_ERawH7cMGOOs0NUE

by Corina Ciubotaru for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 11:59 AM