Boeing cuts its 777X backlog by more than a third after pushing back deliveries until 2023

A Boeing 777X airplane flies above the Boeing Everett Factory

David Ryder | Reuters

Boeing nick lend a hand its backlog of 777X planes by extra than a third after the aerospace large supplied original delays to its most modern plane’s debut, fixed with a novel securities filing.

The Chicago-primarily based completely completely producer final week acknowledged it would not request the 777X to enter into service till late 2023, extra than two years later than previously anticipated. Boeing acknowledged its 777X picture tally on the reside of 2020 stood at 191 when put next with 309 a twelve months earlier, fixed with the filing on Monday.

Boeing automatically gets rid of aircraft from its backlog on record of of an accounting rule that dictates how orders in threat of cancellation are logged. Plane bewitch agreements on the total enable clients to abolish orders extra without issue if planes are delayed.

Boeing took a $6.5 billion fee within the fourth quarter for delays to the 777X.

The company has eradicated a total bunch of 737 Max orders from its picture e book below connected accounting principles and outright cancellations. Those narrow-body planes, Boeing’s most spirited-promoting jetliner, is flying passengers all over again after a virtually two-twelve months grounding within the wake of two fatal crashes.

Boeing final week acknowledged additional regulatory scrutiny on the elevated 777X planes following the Max crashes as well to weaker appetites for unique planes from clients amid the pandemic would contributed to transport delays of the huge-body jetliners.