Boeing to cut production
Boeing has said that it is likely to scrap production of the 787-3 Dreamliner, as well as reducing production of the 777, and postponing the increased production of the 767 and 787-8 models, according to a Bloomberg report. Boeing’s short-range Dreamliner model, has seen launch customer ANA pull out in favour of the 787-8, leaving it with no orders. Meanwhile Boeing’s Vice President of Commercial Aircraft Marketing, Randy Tinseth, was reported saying that the 777’s production rate would be reduced from seven to five a month from June 2010, due to “challenges in the market”. Production rates for the 737 will be maintained at 31 a month. The company had set a target of delivering between 460 and 465 aircraft this year.