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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
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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.

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 strategy.
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)
A Southwest Airlines Boeing 737 departs Chicago's Midway Airport.
A Southwest Airlines Boeing 737 departs Chicago's Midway Airport.   (AP Photo)
The aft fuselage for a Boeing 787 Dreamliner. Production on the aircraft is off 15 months.
The aft fuselage for a Boeing 787 Dreamliner. Production on the aircraft is off 15 months.   (AP Photo)
Graphic shows Boeing Co. stock prices.
Graphic shows Boeing Co. stock prices.   (AP Photo)
The first production model of the new Boeing 787 Dreamliner airplane is unveiledin this July 8, 2007 file photo, at Boeing's assembly plant in Everett, Wash.
The first production model of the new Boeing 787 Dreamliner airplane is unveiledin this July 8, 2007 file photo, at Boeing's assembly plant in Everett, Wash.   (AP Photo/Ted S. Warren, file)
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Boeing • aerospace • airline industry • Boeing 787 Dreamliner • delay • Air Canada • International Lease Financial Corp.

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