Boeing lines up new 777X and 787 orders as it sells off jets once meant for Russian cargo carrier
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June 5, 2020 - by Dominic Gates for seattletimes.com
Why is Boeing playing hardball with a key customer, refusing to let it revoke an order cancellation and take its planes? Court filings reveal the reason: Boeing has new customers lined up to take the jets — and an agreement with one that could add new orders for 777Xs and 787 Dreamliners by the end of this month.
In a year when Boeing's order backlog has fallen by more than 500 airplanes, as airlines cancel hundreds of 737 MAX orders and new orders during the massive coronavirus downturn are thin, a deal for 777Xs and 787s would be an uplifting surprise for the jetmaker.
Boeing has already slashed production plans as airlines shrink their operations in response to the air travel collapse. Its large order backlog is expected to be cut dramatically, and the outlook for the new 777X looks especially vulnerable.
The 777X is a giant plane entering the market when airlines will have trouble filling it.
Key customers including British Airways, Emirates of Dubai, and Cathay Pacific of Hong Kong are...
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