Boeing says its 777X orders have dropped a third after delivery delays

Boeing cut the reserve of 777X planes by more than a third after the aerospace giant announced a new delay for its latest aircraft flight, according to a new secure filing.

The Chicago-based manufacturer said last week that it does not expect the 777X to enter service until the end of 2023, more than two years longer than previously expected. Boeing said its 777X order price at the end of 2020 stood at 191 compared to 309 a year earlier, according to Monday’s leak.

Boeing regularly removes aircraft from their background due to an accounting rule that specifies how orders that are at risk of cancellation will be recorded. Airline purchase agreements typically allow customers to cancel orders more easily if planes are delayed.

Boeing cost $ 6.5 billion in the fourth quarter to delay the 777X.

The company has removed hundreds of 737 Max orders from their order book under equivalent accounting rules and eliminated them altogether. These narrow planes, Boeing’s favorite jetliner, are flying passengers again after almost comes to an end two years after two fatal crashes.

Boeing said last week that further regulatory scrutiny of the larger 777X planes in the aftermath of the Max crashes as well as weaker flavors for new aircraft from customers amid the pandemic would add to the delivery delays of the jetliners full body.