"While no new technical issues have arisen during flight tests, Ortberg said there was still a "mountain of work." Boeing's share price fell 3.3% following Ortberg's comments. The CEO also said he'd asked Boeing's chief financial officer, Jay Malave,to look into the implications. "Even a minor schedule delay on the 777 program has a pretty big financial impact," he added."
"The 777X will be the largest twin-engine passenger jet when it enters service. It's perhaps most known for its folding wingtips, which allow for the fuel efficiency of longer wings while still being able to fit into airport gates. However, continued delays have irritated some of its customers. Initially supposed to enter service in 2020, Ortberg last year announced a further delay to 2026. Tim Clark, the president of Emirates, which has ordered the most 777X jets, then said he planned "a serious conversation.""
Certification for Boeing's 777X is behind schedule and faces the possibility of further delays. Flight tests have not revealed new technical issues, but significant additional work remains to complete certification. Even a minor schedule slip would have substantial financial consequences, and company leadership has commissioned a review of program implications. The announcement coincided with a 3.3% drop in Boeing's share price. The 777X will be the largest twin-engine passenger jet and uses folding wingtips to combine longer-wing fuel efficiency with gate compatibility. The program has accumulated 624 orders and has seen entry-into-service targets move from 2020 to 2026.
Read at Business Insider
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