Adds particulars on pre-delivery funds SEATTLE, Dec 4 (Reut
Adds particulars on pre-delivery funds
SEATTLE, Dec 4 (Reuters) – Boeing Co BA.N is lowering its 787 widebody manufacturing to 5 jets month-to-month in mid-2021 from six, and delivered zero 787s to prospects in November, as longer-haul journey demand stays weakened by the coronavirus pandemic, the U.S. planemaker’s Chief Monetary Officer stated on Friday.
Boeing’s Greg Smith additionally informed a convention that there is no such thing as a “regular profile” at the moment for jet pre-delivery funds or PDPs, that are tied to manufacturing charges. Boeing has been compelled to chop manufacturing because of the 20-month grounding of its money cow 737 MAX after deadly crashes and the pandemic downturn.
“I feel we have a pair years right here the place PDPs shall be a bit bumpy,” Smith stated.
(Reporting by Eric M. Johnson in Seattle Enhancing by Chizu Nomiyama and Nick Zieminski)
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