Tuesday, March 16, 2010

Air Berlin to reduce 787 order

Some bad news to report for Boeing and the 787.  Today German carrier Air Berlin announced that they would reduce their current 787 order of 25 planes to 15, at a loss to Boeing of around $1.7 billion.  They also cut their 787 purchase options from 10 to 5 as well as deferring delivery of nine Next-Gen 737 aircraft from 2010-2011 to 2015.  All these moves were to allow Air Berlin to adjust to lower market demand for air travel. 

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