Boeing Co has pushed back delivery of its first 787 Dreamliner by several weeks -- a widely expected decision but also the latest in a series of embarrassing glitches that have disrupted production of the hotly anticipated aircraft.


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The postponement of the carbon-composite airplane, already more than two years behind schedule, is attributed to a delay in the availability of a Rolls-Royce Plc engine needed for the final phases of flight testing. "The plane is a show-me plane at this point and I think everyone knows that," said Alex Hamilton, managing director with boutique investment bank EarlyBirdCapital. "I'll believe it when I see it." The U.S. planemaker now expects to deliver the first carbon-composite plane to Japan's All Nippon Airways Co Ltd <9202.T> (ANA) by the middle of the first quarter of 2011. Boeing, the second-largest plane maker after EADS unit Airbus, said in July its delivery schedule might slip from the fourth quarter of 2010. The company blamed "instrument configuration" and inspection work.

Source: Boeing Delays 787 Delivery on Rolls Engine Setback

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