The Olympian Logo

Analysts predict 747-8 delay | The Olympian

×
  • E-edition
  • Home
    • Customer Service
    • About Us
    • Buy Photos and Pages
    • Contact Us
    • Plus
    • Mobile & Apps
    • Newsletters
    • Newspaper in Education
    • Subscribe
    • Subscriber Services
    • Archives

    • News
    • Business
    • Crime
    • Databases
    • Death Notices
    • Education
    • Local News
    • Military News
    • Obituaries
    • Politics & Government
    • State
    • Traffic
    • Watchdog
    • Weather
    • Opinion
    • Cartoons
    • Editorials
    • Letters to the Editor
    • Opinion Columns
    • Submit a Letter
    • Sports
    • College
    • High School
    • Mariners
    • Preps Stats
    • Seahawks
    • Sounders
    • UW Huskies
    • Politics
    • Living
    • Announcements
    • Food
    • Health & Fitness
    • Home & Garden
    • Travel
    • Entertainment
    • Arts & Culture
    • Comics
    • Puzzles & Games
    • Events Calendar
    • Horoscopes
    • Movies
    • Restaurants
    • Outdoors
    • Fishing

  • Classifieds
  • Jobs
  • Moonlighting
  • Cars
  • Homes
  • Place An Ad
  • Mobile & Apps

Business

Analysts predict 747-8 delay

SUSANNA RAY; Bloomberg News

    ORDER REPRINT →

September 30, 2010 12:00 AM

Boeing, whose engineers are redesigning a part on the new 747-8 jumbo jet, may announce a fourth financial charge for the aircraft and another delay that could make it almost two years late.

That announcement may include a delay of another 3 months to 10 months for a plane that’s more than a year behind, nine analysts said in a Bloomberg survey. Eight of the analysts also anticipate a charge ranging from $100 million to $1 billion, on top of the $2.04 billion in charges already taken.

“This is inexcusable. They should know that airplane like any airplane they’ve ever built, and then some,” said Howard Rubel, an analyst with Jefferies & Co. in New York who has a “buy” rating on Boeing shares. “They’ll figure it out eventually. I just believe the cost and the delay will detract from what they wanted to accomplish.”

The Chicago-based company is completing the 747-8’s schedule as it continues to work through two of several issues that came up in flight testing, and it plans to update customers and investors soon, said Boeing Commercial Airplanes President Jim Albaugh.

SIGN UP

Sign Up and Save

Get six months of free digital access to The Olympian

SUBSCRIBE WITH GOOGLE

#ReadLocal

Chief Executive Officer Jim McNerney said in July that the 747-8’s schedule was more at risk than the composite-plastic Dreamliner’s, which the company pushed back last month, saying it wouldn’t be delivered until the first quarter of 2011. Both planes were supposed to reach customers by the end of this year.

The analysts in the survey predicted, on average, a six-month delay for the 747-8 and a charge against earnings of about $360 million.

  Comments  

Videos

Downed trees, busted limbs keeps service company busy in wake of snowstorm

No bull. Snow needed to be cleared to load cows at Port of Olympia

View More Video

Trending Stories

Another storm, another big question: Why was power out for so long?

February 16, 2019 07:00 AM

Woman dies after wreck on highway in Thurston County

February 17, 2019 11:20 AM

Infant girl, plus woman holding her, suffer gunshot wounds after man ‘shows off’ handgun at party

February 17, 2019 09:48 AM

Deaths for Feb. 16

February 16, 2019 01:46 AM

Three from Thurston County win Mat Classic titles. Yelm’s Dubose, Platt go back-to-back

February 17, 2019 10:11 AM
Local display advertising by PaperG

Read Next

Hundreds stranded as British airline Flybmi collapses

Business

Hundreds stranded as British airline Flybmi collapses

By GREGORY KATZ Associated Press

    ORDER REPRINT →

February 17, 2019 04:28 AM

Hundreds of passengers have been stranded by the abrupt collapse of the British regional airline Flybmi.

KEEP READING

Sign Up and Save

#ReadLocal

Get six months of free digital access to The Olympian

SUBSCRIBE WITH GOOGLE

MORE BUSINESS

Business

5 Maine hospitals among 25 nationwide receiving federal help

February 17, 2019 12:54 PM

Business

Legionnaires’ disease cases investigated in NW Minnesota

February 17, 2019 12:52 PM
The Latest: Busch, McMurray, Wallace in Daytona 500 crash

Celebrities

The Latest: Busch, McMurray, Wallace in Daytona 500 crash

February 17, 2019 12:59 PM

Business

Ex-Idaho transportation worker files lawsuit over firing

February 17, 2019 12:29 PM
Aurora shooter’s permit was revoked but gun wasn’t seized

Business

Aurora shooter’s permit was revoked but gun wasn’t seized

February 17, 2019 12:18 PM
Burberry catwalk showcases streetwear, elegant classics

Celebrities

Burberry catwalk showcases streetwear, elegant classics

February 17, 2019 12:16 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

The Olympian App

View Newsletters

Subscriptions
  • Start a Subscription
  • Customer Service
  • eEdition
  • Contests-Promotions
  • Vacation Hold
  • Rewards
  • Pay Your Bill
Learn More
  • About Us
  • Contact Us
  • Newsletters
  • News in Education
  • Photo Store
  • Archives
Advertising
  • Information
  • Place a Classified
  • Local Deals
  • Place an Obituary
  • Today's Circulars
  • Special Sections
Copyright
Privacy Policy
Terms of Service


Back to Story