Boeing takes near $5bn hit due to delays in delivering first 777X jets

777X was central to long-term strategy, but certification and production delays have pushed back deliveries by yearsBusiness live – latest updatesBoeing pushed the first delivery of its long-delayed 777X jet program out to 2027 and took a nearly $5bn charge due to the delays, in another series of setbacks for the aerospace giant.The 777X was central to Boeing’s long-term widebody strategy, previously dominated by its iconic 747 and 777 jets. But repeated certification and production delays have pushed back deliveries by years, piling up charges of over $15bn and straining its finances, while giving an opening to rival Airbus’s competing A350 as international travel continues to surge. Continue reading...