19-Jan-2011 8:34 AM

Boeing sets first 787 delivery for third quarter

Boeing announced (18-Jan-2011) it expects delivery of the first B787 to All Nippon Airways in 3Q2011. The new delivery date reflects the impact of an in-flight incident during testing in Nov-2010 and includes the time required to produce, install and test updated software and new electrical power distribution panels in the flight test and production aircraft. The revised first delivery date is not expected to have a material impact on Boeing's 2010 financial results. Financial guidance and anticipated initial B787 deliveries for 2011 will be discussed in the company's earnings call on 26-Jan-2011. Boeing announced the remaining two aircraft of the test fleet will be returning to flight "in the days ahead" to bring the full flight test fleet back up to flight status. [more]

Boeing: "This revised timeline for first delivery accommodates the work we believe remains to be done to complete testing and certification of the 787. We've also restored some margin in the schedule to allow for any additional time that may be needed to complete certification activities," Scott Fancher, VP and General Manager of the B787 programme. Source: Boeing, 18-Jan-2011.

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