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Boeing delays B747-8 and books USD1 billion charge, set to deliver 480 commercial aircraft in 2009

Analysis

Boeing announced yesterday that it is going to book a further USD1 billion in write-downs related to its B747-8 programme in its upcoming 3Q2009 results. On top of this, the manufacturer is pushing back the first flight of the initial freighter variant from late 2009 to early 2010, the second major delay to the programme, which is now close to 12 months behind schedule.

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