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Monday, November 9th, 2009

Boeing’s Dreamliner Still on the Ground

October 11, 2007 by Ali  
Filed under Business

Boeing unveiled the 787 Dreamliner in July, “the world’s first mostly composite commercial airplane” expected to burn 20% less fuel than comparable aircrafts. It will fly faster, farther, quieter and more efficiently than any other medium-sized jet, when it flies that is.

The “environmentally progressive” aircraft uses advanced composite design with lighter carbon-fiber materials. The wings, tail, nose and flight deck have been engineered for maximum aerodynamic streamlining. Less weight, less resistance, less fuel, less emissions. And less than on time.

CNN reported yesterday that the Dreamliner:

…will be at least six months late. Acknowledging that early problems assembling the first 787s have disrupted its schedule, the aerospace company said Wednesday it is delaying initial deliveries of the ballyhooed aircraft by six months. Instead of next May, the first deliveries are now targeted for late November or December 2008.

This latest setback isn’t expected to affect the company’s earnings, but their shares on the NYSE did take a dive after the announcement, down 2.5%. I will keep you posted.

In the meantime, take a look and let me know what you think about Boeing’s Dreamliner.

More on the Dreamliner:

More on air travel:

Photo: Reuters/Robert Sorbo

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