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BOEING TAKES $5 BILLION HIT ON MUCH-DELAYED 777X JET PROGRAM

  • NEWS Desk Global
  • Oct 29
  • 1 min read

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Boeing pushed the first delivery of its long-delayed 777X jet program to 2027 and took a bigger-than-expected $5 billion charge on Wednesday, in another setback for the U.S. aerospace company.

The 777X is critical to Boeing’s long-term widebody strategy, previously dominated by its 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of over $15 billion and straining the company's finances, while giving an opening to rival Airbus competing A350 as international travel surges.

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