Boeing’s cash woes persist amid sluggish handovers


The cash flow drag from 11 newly built but undelivered 777 freighters would translate to roughly US$1.16bil, an analyst said. — Bloomberg

NEW YORK: Boeing Co 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 planemaker, 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 Aero Analysis Partners/AIR.

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