Aviation

Undelivered 777 aircraft signal more cash woes at Boeing

It is understood the plane maker didn’t deliver any 777 aircraft during the first quarter, costing the airline up to $1 billion

As of last week, Boeing had 11 newly built “gliders” — an industry term for finished aircraft that are lacking engines — stashed in and around its factory in Everett, Washington. Picture: Getty

Boeing likely didn’t deliver any 777 freighters during the first quarter, adding to its cash woes at a time when 737 Max handovers are sluggish amid heightened government scrutiny.

The plane maker as of last week had 11 newly built “gliders” — an industry term for finished aircraft that are lacking engines — stashed in and around its factory in Everett, Washington, Jefferies analyst Sheila Kahyaoglu said in an April 5 report citing data from ...