Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Timeline: Boeing delivers first 787 Dreamliner in more than a year

Published 08/10/2022, 11:52 AM
Updated 08/10/2022, 11:56 AM
© Reuters. FILE PHOTO: The Boeing 787-10 Dreamliner sits on the tarmac before a delivery ceremony to Singapore Airlines at the Boeing South Carolina Plant in North Charleston, South Carolina, United States March 25, 2018.  REUTERS/Randall Hill

(Reuters) - Boeing (NYSE:BA) Co delivered its first 787 Dreamliner in more than a year on Wednesday after a lengthy halt, stemming from production problems, cost the U.S. planemaker at least $5 billion.

The restart in deliveries comes as a major relief for Boeing, which was struggling with the production of the wide-body jet for more than two years. It could also help the airline industry better tap this year's boom in travel demand.

Here is a timeline of the troubled 787 program since 2020:

Date Development

September Boeing finds production problem in the new 787

2020 Dreamliner and warns of delays in deliveries

(https://reut.rs/3p3oPNF)

December Cuts 787 Dreamliner production for the fourth

2020 time in 18 months after posting zero

deliveries in November (https://reut.rs/3C9uIAH)

December The company's quality inspections related to

2020 previously disclosed production flaws in the

plane finds the same issue in other parts of

the jet (https://reut.rs/3p3p8bh)

March 2021 Boeing resumes 787 deliveries; hands over one

plane to United Airlines (https://reut.rs/3dc3r5X)

May 2021 The Federal Aviation Administration (FAA) says

Boeing will temporarily halt 787 deliveries as

the agency waits for more data to determine if

the planemaker's planned inspection method

meets federal requirements

July 2021 The FAA says some undelivered planes have a

new manufacturing quality issue that the

company will fix before delivery

July 2021 Boeing cuts 787 production after finding

another production-related structural defect

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

September The Wall Street Journal reports that the

2021 delivery of Dreamliners will likely remain

halted until at least late October as the FAA

rejects the company's inspection proposal

October 2021 Boeing finds new defect in 787 Dreamliner,

says some titanium parts were improperly

manufactured over the past three years

January 2022 Unveils a total of $4.5 billion in charges in

the fourth quarter related to 787 delivery

delays, customer concessions and production

costs

February The FAA says it would perform final

2022 inspections on new jets and will not allow the

planemaker to self-certify individual new

Boeing 787 planes

April 2022 Boeing tells airlines and parts suppliers that

787 deliveries will resume in the second half

of 2022, Reuters reports

May 2022 The FAA finds 787 certification documents

incomplete, Reuters reports

July 2022 FAA approves Boeing's inspection and

modification plan to resume deliveries of the

aircraft

August 2022 The U.S. government approves the first 787

delivery since 2021, clearing the way for

American Airlines (NASDAQ:AAL) to take possession

August 2022 American Airlines says it has

taken the delivery of its first 787 Dreamliner

Latest comments

✈️ liftoff is ready .. hopefully no more disasters 🙏
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.