Boeing Faces Billions in 787-Delay Costs: Report

Boeing is expected to announce that its 787 Dreamliner has been delayed by 18 months, a setback that will cost the company billions of dollars in compensation to airlines, according The Times in London website. 

In this hand hout computer-generated image provided by Boeing shows the company's new series Boeing 787 Dreamliner, Wednesday, April; 27, 2005. A senior Boeing Co. official on Wednesday brushed off the threat of European rival Airbus SAS's "superjumbo," saying orders for Boeing's smaller, more fuel-efficient Dreamliner were robust. (AP Photo/Boeing) ** EDITORIAL USE ONLY **

According to The Times, sources close to Boeing said the American aerospace giant will admit that the revolutionary aircraft is unlikely to enter service until the end of 2009.

The Dreamliner has taken orders worth more than $150 billion. It was scheduled to enter commercial service next month but this initially slipped to early 2009 and has now been delayed again.

Boeing is also thought to be ready to postpone or even scrap one of the three variants of the aircraft to enable its engineers to focus on solving existing problems.

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