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

Boeing outmaneuvered? Airbus takes Bombardier under its wing

Airbus will buy a controlling stake in Bombardier’s C Series airplane — and build it in Alabama.

Nordstrom suspends buyout after struggling to get financing

A buyout was meant to help the company continue turnaround efforts outside the glare of market scrutiny.

More self-awareness could help build a better medical system

Marcy Shimada of Edmonds Family Medicine writes the second in a series about fixing our health care system.

Scratch-and-sniff brochures aimed to prevent disaster

Puget Sound Energy has distributed more than a million scratch-and-sniff brochures to… Continue reading

Jewelry, accessories store Fuego opens second site in Snohomish County

Northwest-based jewelry, accessories and gifts store Fuego opened a new outlet store… Continue reading

Extreme cleaning company Steri-Clean opens in Mukilteo

The first Washington franchise of the Steri-Clean company will celebrate its grand… Continue reading

Justices to hear government’s email dispute with Microsoft

A lower court ruled emails in a drug case couldn’t be searched because they were in Ireland.

Waiting to upgrade to the iPhone 8? You’re not alone.

The older model iPhone 7 is enjoying a new sales bump while the new iPhone 8 isn’t flying off shelves.

Most Read