787 nosedive continues for Boeing – Share Wrap

Boeing continues to take a beating on the delays to its B787 programme, with the company's share price losing 3.5% yesterday, after analysts at Jefferies & Co cut their forecast for initial deliveries of the aircraft by three months and the outlook for 2010 production from 24 to 18 aircraft. After delaying the initial test flight in late Jun-2009, due to the need for small structural reinforcements on wing/fuselage connection points, the US manufacturer has seen its share price dip more than 15%. A revised test flight and a new delivery schedule for the aircraft is due to be announced in the next few weeks.