Financial Times FT.com

Boeing to take $1bn hit on 747-8 programme

By Hal Weitzman in Chicago

Published: October 6 2009 15:19 | Last updated: October 6 2009 16:58

Boeing will take a $1bn charge in the third quarter on its 747-8 programme – the updated and stretched version of its 747 jumbo – making it the second high-profile new aircraft project to hurt the US group’s profitability in recent months.

Tuesday’s announcement was another setback for the world’s second-largest aircraft-maker after problems on its 787 Dreamliner programme.

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