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US$1 billion charges for Boeing

Chicago, USA - For delays in the 747/8 programme

Boeing yesterday said it expects a pre-tax charge against third-quarter results of approximately US$1 billion due to increased production costs and the difficult market conditions affecting its 747/8 program. The company expects first flight of this aircraft to occur by early next year with the flight test program taking place in 2010. First delivery of the 747/8 Freighter is now expected in the fourth...

AVIONEWS - World Aeronautical Press Agency - 1109886

AVIONEWS - World Aeronautical Press Agency
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