Boeing announced a $4.9 billion charge and delayed the debut of its 777X jet to 2027, reflecting ongoing challenges with the aircraft's development. Despite the delay, Boeing's quarterly revenue and cash flow improved due to increased aircraft deliveries, though the company faces continued hurdles including production delays and regulatory scrutiny.
Boeing is laying off 111 union workers in St. Louis due to a delay in the delivery of the 777X aircraft, now expected in 2026 instead of 2025. The affected employees, primarily assembly and process mechanics, will receive pay and health benefits until January 17. The layoffs are linked to the manufacturing of composite parts for the 777X, which is assembled in Everett, Washington.
Boeing's 777X program has begun certification flights with the FAA, signaling progress towards its 2025 delivery goal. This development highlights the FAA's independent evaluation of Boeing's aircraft models, separating the 777X from the troubled 737-MAX. The successful certification is crucial for Boeing's competitiveness against Airbus and for maintaining a robust air travel market.
Emirates airline President Sir Tim Clark revealed that Boeing's 777X flight test program has stalled as the company focuses on resolving production quality issues and developments with the 737 Max. Clark expects the first of Emirates' 205 777X aircraft to arrive by the second quarter of 2026, despite ongoing challenges with the FAA.