Boeing Delays Rollout Of 777X
With the crash of Ethiopian Airlines flight 302 dominating the news, Boeing announced late Sunday that it will delay the rollout of the 777X that was slated for Wednesday. The company has not said when the public debut will take place.
The 425-passenger 777X is an evolution of the 777 twinjet, billed as the “most efficient twin-engine jet in the world,” and features new composite wings with 21 feet of additional span and folding wingtips to make the 777X fit into more airports. Refitting the 777 with the GE9X engine will result in a fuel efficiency bump of at least 5%. Overall, Boeing says the 777X will use “12% less fuel per seat than any competing aircraft.”
It was also a turbulent morning on the stock market for Boeing, which saw shares fall by more than 12% in early trading but rallied to end the day down 5.3% at $400.01 per share.