Boeing logs cancellation for five 747s, adds 777 order

Boeing dropped orders for five 747 jumbo jets from the backlog this week but added a request for a 777.

The jet maker announced last month that it will slow production on the 747 from two to 1.75 jets monthly next year due to declining demand.

Dubai Aerospace Enterprise Ltd. and Boeing agreed to cancel the order, valued at $1.76 billion, a Boeing spokesman told Bloomberg News. The Dubai-based firm placed large orders with both Boeing and Airbus in 2007 but slowly has canceled off those requests.

With the 747 cancellation, Boeing has received 105 orders for the updated 747-8. The company had delivered 46 747-8s through the end of April.

The Intercontinental, or passenger version of the 747-8, now has just 26 unfilled orders. The freighter model has 33.

Boeing attributed the 777 order added Thursday to an unidentified VIP or business jet customer.

Boeing had 255 net orders through the end of April. The Chicago-based company delivered 44 aircraft in April, bringing its delivery total this year to 181.

More in Herald Business Journal

Teddy, an English bulldog, models Zentek Clothing’s heat regulating dog jacket. (Ian Terry / The Herald)
Everett clothing company keeps your dog cool and stylish

Zentek uses space-age fabrics to moderate the temperature of pets and now humans.

Everett engineers learn lessons from Mexico City catastrophe

Structural scientists went to help after the September earthquake there and studied the damage.

Boeing raises dividend 20%, continues stock buyback program

The manufacturer said it has repurchased $9.2 billion worth of its shares this year.

Providence Hospital in Everett at sunset Monday night. Officials Providence St. Joseph Health Ascension Health reportedly are discussing a merger that would create a chain of hospitals, including Providence Regional Medical Center Everett, plus clinics and medical care centers in 26 states spanning both coasts. (Kevin Clark / The Daily Herald)
Merger would make Providence part of health care behemoth

Providence St. Joseph Health and Ascension Health are said to be talking. Swedish would also be affected.

Hospital companies merge as insurers encroach on their turf

An anticipated deal between Providence St. Joseph Health and Ascension is only the latest.

DaVita to sell off medical groups including The Everett Clinic

Another round of health care consolidation means The Everett Clinic could soon get new ownership.

Engine trouble hits Air New Zealand’s 787 Dreamliners

A Rolls-Royce engine was shut down and was afterward found to be seriously damaged.

Washington, Amazon sue company over seller training programs

Braintree is accused of using deceptive ads promising information on how to make money on Amazon.

Providence said to be in talks for merger with Ascension

The two Catholic health organizations have been exploring joining forces, sources say.

Most Read