Monday, 16 May 2016

Boeing's 787 Dreamliner faces new challenge: slow sales

Boeing Co's high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and burned, grounding the worldwide fleet for months in 2013.

Now the company's flagship plane is facing a new challenge: slowing sales. Boeing needs to sell dozens of 787s to help recover nearly US$30 billion it has spent on production and not yet accounted for in its earnings.

But the industry is in a sales slump. Sales of Boeing and Airbus wide body jets have fallen 51% since 2013, and some analysts and investors predict that without more 787 sales in the near term, Boeing will have to take a sizeable charge to write off some of the 787's deferred costs.

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