Boeing's 787 under pressure as Russia's Aeroflot cancels order

SEATTLE/PARIS (Reuters) – Boeing Co faced additional uncertainty on Wednesday over future production rates for its 787 Dreamliner after Russian carrier Aeroflot formally canceled an order for 22 aircraft valued at about $5.5 billion at list prices. The cancellation, first reported by the Seattle Times and buried in Boeing’s monthly order release, is the final step in unwinding an order that had been shrouded in uncertainty ever since the airline said in 2015 it no longer needed the planes. Barring new orders, Boeing faces the growing possibility that it may have to cut production back by …read more

Source:: Yahoo Finance

      

Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.