Boeing hit by $5bn in penalties as new jet delayed
Source: BBC
Aircraft giant Boeing has suffered another setback as it announced production of its much anticipated 777X planes would now be pushed to 2027, costing it $5bn (£3.7bn) in late delivery penalties.The US firm said its 777X had been delayed due to mounting regulatory hurdles which it needs to pass.It comes during a surge in demand for international travel, when Boeing wants to push its latest model as an upgrade to…
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