Current Boeing 777X customers consist of All Nippon Airways, British Airways, Cathay Pacific, Emirates, Etihad, Lufthansa, Qatar Airways and Singapore Airlines. However, throughout the COVID-19 aviation downturn, various customers have held conversations with Boeing about reducing or deferring deliveries, until global travel demand starts to. Emirates is reconsidering its commitment to Boeing's newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing. Emirates now only intends to start taking delivery of the brand new Boeing 777X as of 2023. For context, this is the latest generation Boeing 777 aircraft, featuring higher capacity, more range, and all around better economics. 17 hours ago MIAMI – Emirates Airlines (EK) is considering switching between 30 to 40 of its Boeing 777x orders for those of the smaller Boeing 787 Dreamliner. This is more than a third of the airline's initial 777x order. Though COVID-19 has had a massive impact on the demand for twin-aisle aircraft, EK had previously swapped 777X orders for the Dreamliner before the. DUBAI (Reuters) - Emirates Airline President Tim Clark on Wednesday said Boeing Co's 777X might not enter into service with airlines until 2023 or even later, amid uncertainty over the development timeline of Boeing's biggest twin-engine jet and when it will be certified.
Emirates is reconsidering its commitment to Boeing's newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing 787 Dreamliner, according to a person familiar with the matter.
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As first reported by Bloomberg, Emirates is looking to swap between 30 and 45 of its 115 777X orders for Dreamliners. The move would be a troubling one for Boeing and its 777X program, as Emirates is the largest customer of the yet-to-be-launched aircraft.
Emirates' move isn't the first of its kind. Boeing indicated on Monday that it's at risk of losing nearly 40% of its 777X orders because of delays. 20 super hot slot machine online. With the 777X now slated to debut in 2023 — more than two years later than previously expected — customers are permitted to walk away from their contracts.
Related:All about the new Boeing 777X
Current Boeing 777X customers consist of All Nippon Airways, British Airways, Cathay Pacific, Emirates, Etihad, Lufthansa, Qatar Airways and Singapore Airlines. However, throughout the COVID-19 aviation downturn, various customers have held conversations with Boeing about reducing or deferring deliveries, until global travel demand starts to. Emirates is reconsidering its commitment to Boeing's newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing. Emirates now only intends to start taking delivery of the brand new Boeing 777X as of 2023. For context, this is the latest generation Boeing 777 aircraft, featuring higher capacity, more range, and all around better economics. 17 hours ago MIAMI – Emirates Airlines (EK) is considering switching between 30 to 40 of its Boeing 777x orders for those of the smaller Boeing 787 Dreamliner. This is more than a third of the airline's initial 777x order. Though COVID-19 has had a massive impact on the demand for twin-aisle aircraft, EK had previously swapped 777X orders for the Dreamliner before the. DUBAI (Reuters) - Emirates Airline President Tim Clark on Wednesday said Boeing Co's 777X might not enter into service with airlines until 2023 or even later, amid uncertainty over the development timeline of Boeing's biggest twin-engine jet and when it will be certified.
Emirates is reconsidering its commitment to Boeing's newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing 787 Dreamliner, according to a person familiar with the matter.
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As first reported by Bloomberg, Emirates is looking to swap between 30 and 45 of its 115 777X orders for Dreamliners. The move would be a troubling one for Boeing and its 777X program, as Emirates is the largest customer of the yet-to-be-launched aircraft.
Emirates' move isn't the first of its kind. Boeing indicated on Monday that it's at risk of losing nearly 40% of its 777X orders because of delays. 20 super hot slot machine online. With the 777X now slated to debut in 2023 — more than two years later than previously expected — customers are permitted to walk away from their contracts.
Related:All about the new Boeing 777X
This week, Boeing lowered the backlog of the 777X to just 191 aircraft, according to a regulatory filing. That number, much lower than the 309 firm orders that are listed on the planemaker's site. Boeing said in an email that the drop is the result of an accounting standard that requires sales at risk of not happening to be removed from the backlog.
In its fourth-quarter earnings call, Boeing detailed that it had taken a $6.5 billion charge for delays to the 777X. The delay could bring additional losses to Boeing when it considers cancellations, production cuts and flight-testing risks.
Boeing 777 Emirates
Emirates, which was one of the first 777X customers, declined to comment on the report that it's looking to drop some of its 777X order in favor of the 787 Dreamliner.
As the coronavirus pandemic continues to set back the aviation industry, airlines have largely set aside their long-haul routes. As such, the demand for wide-body, twin-aisle planes has decreased — including for the future of the 777X, which is set to be the heir to the superjumbo Boeing 747. Orders for wide-body aircraft with both Boeing and Airbus are expected to be the last to recover from the pandemic-spurred drop in demand. Boeing has already said that it's cut the output of its Dreamliners.
'The decline in backlog in the fourth quarter reflected aircraft order cancellations and removal of aircraft orders from our backlog due to the ASC 606 accounting standard, including our most recent assessment of 777X backlog due to the revised schedule,' Boeing Chief Financial Officer Greg Smith said on a call with analysts last month.
Boeing saw a similar slump in orders for the 737 MAX aircraft following its nearly two-year worldwide grounding. More than 1,100 orders for the plane were removed from Boeing's backlog of the 737 Max.
Boeing 777x Pictures
Related:Boeing's bad quarter: Company delays 777X, 737 MAX timeline as COVID hits business
In its fourth-quarter earnings report, Boeing posted a record net loss of nearly $12 billion. The two-pronged dagger to Boeing consisted of the ongoing effects of the beleaguered 737 MAX, as well as the COVID-19-spurred downturn in demand.
'I'm sure glad 2020 is in the rearview mirror,' Boeing CEO Dave Calhoun told CNBC.
Featured photo by Zach Wichter/The Points Guy
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Emirates is reconsidering its commitment to Boeing's newest jet, the 777X. The Dubai-based carrier is considering swapping as much as one-third of its order of the 777X for the smaller Boeing 787 Dreamliner, according to a person familiar with the matter.
As first reported by Bloomberg, Emirates is looking to swap between 30 and 45 of its 115 777X orders for Dreamliners. The move would be a troubling one for Boeing and its 777X programme, as Emirates is the largest customer of the yet-to-be-launched aircraft.
Emirates' move isn't the first of its kind. Boeing indicated on Monday that it's at risk of losing nearly 40% of its 777X orders because of delays. With the 777X now slated to debut in 2023 — more than two years later than previously expected — customers are permitted to walk away from their contracts.
Related:All about the new Boeing 777X
This week, Boeing lowered the backlog of the 777X to just 191 aircraft, according to a regulatory filing. That number, much lower than the 309 firm orders that are listed on the planemaker's site. Boeing said in an email that the drop is the result of an accounting standard that requires sales at risk of not happening to be removed from the backlog.
In its fourth-quarter earnings call, Boeing detailed that it had taken a $6.5 billion charge for delays to the 777X. The delay could bring additional losses to Boeing when it considers cancellations, production cuts and flight-testing risks.
Emirates, which was one of the first 777X customers, declined to comment on the report that it's looking to drop some of its 777X order in favour of the 787 Dreamliner.
As the coronavirus pandemic continues to set back the aviation industry, airlines have largely set aside their long-haul routes. As such, the demand for wide-body, twin-aisle planes has decreased — including for the future of the 777X, which is set to be the heir to the superjumbo Boeing 747. Orders for wide-body aircraft with both Boeing and Airbus are expected to be the last to recover from the pandemic-spurred drop in demand. Boeing has already said that it's cut the output of its Dreamliners.
'The decline in backlog in the fourth quarter reflected aircraft order cancellations and removal of aircraft orders from our backlog due to the ASC 606 accounting standard, including our most recent assessment of 777X backlog due to the revised schedule,' Boeing Chief Financial Officer Greg Smith said on a call with analysts last month.
Boeing saw a similar slump in orders for the 737 MAX aircraft following its nearly two-year worldwide grounding. More than 1,100 orders for the plane were removed from Boeing's backlog of the 737 Max.
Related:Boeing's bad quarter: Company delays 777X, 737 MAX timeline as COVID hits business
In its fourth-quarter earnings report, Boeing posted a record net loss of nearly $12 billion. The two-pronged dagger to Boeing consisted of the ongoing effects of the beleaguered 737 MAX, as well as the COVID-19-spurred downturn in demand.
'I'm sure glad 2020 is in the rearview mirror,' Boeing CEO Dave Calhoun told CNBC.
Featured photo by Zach Wichter/The Points Guy
Editorial Disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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