Boeing to halve production of 787 Dreamliner
With tourism and travel hit hard those jets will be in low demand
Aircraft manufacturer Boeing is likely to announce a halving of production of the 787 Dreamliner with its trade update next week. The group also announces layoffs, insiders reported to Bloomberg news agency. 787 Dreamliner has been struggling with weak demand for a while. Boeing also reduced production for that aircraft last year.
At the beginning of this year, Boeing assembled about fourteen Dreamliners per month. In January, rumors already surfaced that the company wants to limit production to ten aircraft per month. The sources state that the decline currently under consideration will be even more severe. In addition, the number of people who are made redundant depends on the size of the production cut, according to the insiders. Earlier, a job cut of 16,000 was reported, a tenth of the total staff.
Boeing CEO Dave Calhoun previously warned his staff that embarrassing measures are on the way due to the corona crisis. According to him, a new reality is dawning for the aviation sector, after the new corona virus has been infected. Demand for new planes may be low for years, Calhoun said. Airlines miss out on more than $ 300 billion this year due to travel bans and lockdowns.