Boeing Shares Slide On Reports Of Dreamliner Delivery Slowdown Over Design Flaws
Tyler Durden
Tue, 09/08/2020 – 11:29
Boeing shares are down 4.5% on Tuesday morning following a new report via WSJ, published a day earlier during the Monday Labor Day holiday, detailing new troubles that have emerged for the Boeing 787 Dreamliner.
Now, Boeing has confirmed the 787 Dreamliner has specific components within its fuselage that do not meet design standards. The company said the 787’s horizontal stabilizers have quality issues that are resulting in more plane inspections, thus slowing down deliveries.
“We are taking time to thoroughly inspect completed 787s to ensure that they are free of the issues and meet all engineering specifications prior to delivery,” Boeing said in a statement Tuesday.
“We expect these inspections to affect the timing of 787 deliveries in the near-term.”
Compound these developing 787 Dreamliner issues with the two fatal accidents of its narrow-body 737 MAX, and Boeing is experiencing widespread manufacturing quality-control lapses.
On top of 787 Dreamliner and 737 Max design woes, Boeing has seen six straight months (as of August) of airlines canceling narrow and wide-body plane orders as the virus-induced downturn in air travel has doomed the industry for the next several years.
It’s just the latest in a series of setbacks for the American aerospace giant.
via ZeroHedge News https://ift.tt/3m3Hfec Tyler Durden