Boeing 787s Scheduled to Land 2 Years Late

Penalty payments could cost company up to $4B
By Harry Kimball,  Newser Staff
Posted May 9, 2008 7:02 PM CDT
Boeing president and CEO Jim McNerney addresses a business conference Monday, May 5, 2008, in Seattle. Despite delays in the 787 Dreamliner, McNerney reaffirmed the company's international production...   (AP Photo/Elaine Thompson)
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(Newser) – Boeing's new 787 Dreamliner is already 15 months late, but delivery delays will back up the fuel-efficient jets by about another year, the Seattle Post-Intelligencer reports. Lease Financial Corp., the main buyer of 787s, will take delivery of its 74 planes 27 months late, and observers expect Boeing to pay up to $4 billion in penalties to compensate irate buyers.

Air Canada is in a bind too: Its 37 Dreamliners will likely arrive 2 or more years behind schedule. The airline has kept its fleet young though, and CEO Montie Brewer worries for others who failed to prepare for rising gas prices: “Just imagine if we were like other carriers that haven't brought in a new efficient fleet to weather this storm," he said.