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SEATTLEBoeing said it would cut its 787 Dreamliner to five copies a month by mid-2021, one less than previously planned.
Last month, Boeing didn’t deliver any of the jets to customers.
“When it comes to capital deployment, it will be all about paying down that debt. We’ll continue to invest in the business, but we’ve got to get this debt balance down. And we’ll look at every opportunity to do that in the most efficient way, including equity,”
Boeing's Chief Financial Officer Greg Smith said.

Demand for Boeing's best-selling widebody jets has been hit significantly because international travel down 90% compared to the previous year.

Smith said that inspections and repairs of previously disclosed manufacturing flaws are slowing deliveries of newly built Dreamliners. Undelivered aircraft are starting to stack up around Boeing’s factories and in the Victorville storage in the California desert.#
Via (The Street)

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