Boeing says 17 plane orders canceled in last week | Latest News India - Hindustan Times
close_game
close_game

Boeing says 17 plane orders canceled in last week

Reuters | By, Atlanta
Jul 03, 2009 10:10 AM IST

Boeing Co said on Thursday 17 orders for its commercial aircraft was canceled in the last week, including a previously reported cancellation of 15 of its delayed Dreamliner 787.

Boeing Co said on Thursday 17 orders for its commercial aircraft was canceled in the last week, including a previously reported cancellation of 15 of its delayed Dreamliner 787.

HT Image
HT Image

The company's latest weekly update of orders on its website also showed nine new orders for its commercial aircraft. For the year to date at June 30, Boeing had 85 gross orders and 84 cancellations, for a net total of one plane for 2009.

Hindustan Times - your fastest source for breaking news! Read now.

Boeing also said in a statement on Thursday that it delivered 125 commercial aircraft during the second quarter, bringing total deliveries to 246 for the year to date.

* Nine new orders in last week; 17 cancellations
* Q2 commercial deliveries 125 vs 126 year-ago
* Boeing shares off 3 pct

The 2009 second-quarter delivery tally compares with 126 commercial aircraft delivered in the year-earlier second quarter.

Deliveries for commercial airplanes do not "seem to be anything unusual," said Alex Hamilton, an analyst with Jesup & Lamont Securities.

"Where I think we really don't have visibility, which is more of a driving concern for the stock, is what orders are going to be, deliveries potentially in 2011 and beyond."

Boeing's shares have retreated since the plane maker announced last week that it would postpone the test flight of its revolutionary 787, which had been set to take place during the second quarter.

The company cited a structural flaw, but did not give an expected future flight date for the 787, which is already two years behind.

Of the 17 plane orders dropped in the latest week, 15 were tied to the previously reported cancellation of 787s from Australia's Qantas Airways Ltd. Qantas cited the flagging economy for its move, not the latest delay.

Boeing, the world's No. 2 plane maker behind EADS unit Airbus, also reported that its defense operations had 33 deliveries in the second quarter, bringing its year-to-date total to 59.

The company's shares closed $1.40, or 3.3 percent, down at $40.83 on the New York Stock Exchange. Boeing shares are down about 4 percent so far this year.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On