Boeing secured a new customer for its most important plane as it finally restarts production [Business Insider]
Boeing Company (The) (BA)
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Source: Business Insider
Boeing is still trying to certify the now at least six year delayed 777X. Boeing has added another customer to its 777X backlog as the planemaker continues to work toward certification of the long-delayed widebody. Taiwanese carrier China Airlines announced a nearly $12 billion order for 10 Boeing 777Xs, 10 Airbus A350-1000s, and four 777X freighters on Friday. This is the first order Boeing has secured for the 777X since Korean Air and Qatar Airways announced deals for the jet in July. According to a filing, the order is worth about $7.4 billion to Boeing at list prices and is likely a sign of relief for the struggling planemaker and its delayed 777X — a setback that has already put Boeing at least $1 billion in the hole. The yet-to-be-certified 777X, which will come in two passenger variants, was already five years behind schedule when a labor strike halted production for over seven weeks this fall and further pushed the timeline back to at least 2026. Quality control a
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BA
Earnings
- 10/23/24 - Miss
BA
Sec Filings
- 12/20/24 - Form 424B3
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- BA's page on the SEC website