Boeing Dreamliner delayed

Boeing has pushed back delivery of its first 787 Dreamliner by several weeks. The decision is no surprise, but is also the latest in a series of embarrassing glitches that have disrupted production of the hotly anticipated aircraft.

The postponement for the carbon-composite airplane, already more than two years behind schedule, is attributed to a delay in the availability of a Rolls-Royce engine needed for the final phases of flight testing. “The plane is a show-me plane at this point and I think everyone knows that,” said Alex Hamilton, managing director with boutique investment bank EarlyBirdCapital. “I’ll believe it when I see it.”

The U.S. planemaker now expects to deliver the first carbon-composite plane to Japan’s All Nippon Airways by the middle of the first quarter of 2011.

Boeing said in July its delivery schedule might slip from the fourth quarter of 2010. The company blamed “instrument configuration” and inspection work.

Shares of Boeing, a Dow industrials component, were down 1.5 percent at $60.40 in premarket trade.

Boeing has taken 847 orders for the Dreamliner, which lists for $150 million to $205.5 million depending on the model, making it the company’s best selling airplane at this stage in development. Boeing gets paid for its commercial planes at delivery.

The delay comes four weeks after the Rolls’ engine, a Trent 1000, blew up at a test site in Derby, central England, forcing the company to temporarily close the facility.

“The delivery date revision follows an assessment of the availability of an engine needed for the final phases of flight test this fall,” Boeing said in a statement late Thursday night. “Flight testing across the test fleet continues as planned.”

Boeing added it was working with the British engine maker to ensure engines were made available as soon as possible but that the delay would not affect its financial outlook.

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on August 27, 2010, in Market Trends, Technology and tagged , , , , , . Bookmark the permalink. 1 Comment.

  1. Lets see- supposedly the first ‘ major ” delay was due to the IAM or some such – and then came a bunch of other delays. Now we find that after two or more years of delays, Rolls still cant meet schedule for production ( so called a package or block one ) engines.

    Something smells.

    Now maybe they were running the engine off parameters and in the extreme. NO excuse for an uncontained failure PERIOD. especially after a two year or more extension of the original schedule !

    Consider – IF- despite the Boeing PR failures and lies and blame game, the 787 was only ONE year behind schedule for deliveries – What would they be using for Rolls Engines ? “Coming in on a wing and a prayer ” after a few extra years of time to be able to meet certification schedules, Rolls is still behind ?

    Granted, this current fiasco may not be directly boeings fault – but IF the power point rangers didn’t realize the problems with Rolls at least a year ago re getting engines on schedule, they must be sleeping – or like the boeing hydroplane team called Miss Management – believed their own PR..

    IN THIS CASE – penalty for late delivery should be shared with Rolls –

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: