Boeing said on Monday that 118 orders for its 777X widebody plane under development are no longer seen as firm under accounting rules that require it to regularly assess their viability, leaving it with 191 solid orders for the model.
See also: Boeing continues technology work on 797.
Boeing last week announced a $6.5 billion charge on the 777X in part due to weaker-than-expected demand for the model. It also pushed back its entry into service by a year to late 2023 in anticipation of a longer, costlier certification process, Reuters reported.
See also: Boeing to delay 777X again as it posts record annual loss.
“Delays on the 737 MAX and 777X programs have resulted in, and may continue to result in, customers having the right to terminate orders and or substitute orders for other Boeing aircraft,” the manufacturer said in a regulatory filing.
Customers for the 777X include Emirates, Qatar Airways, Etihad Airways, British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd, ANA Holdings Inc and Lufthansa.
Boeing lists 350 orders on its website, although some customers have indicated they would like to reduce their orders or push back delivery dates as they grapple with a plunge in international travel demand due to the coronavirus pandemic.
At the end of 2019, Boeing had listed 309 of the 777X orders as firm, meaning it was confident customers still planned to buy that many planes and could finance their purchase.
Related Topics
Lufthansa Group Bolsters Long-Haul Fleet with Order for 20 Airbus and Boeing Aircraft
Airbus Conducts Cargo System and Main Deck Door Tests for New A350F
Airbus Delivers 67 Aircraft in April: 181 in First Four Months of the Year
Scoot Strengthens Growth Strategy with Order for 11 Airbus A320neo Family Aircraft
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.