Friday, August 6, 2010

Boeing sees cancellations; Embraer growing backlog

Boeing shares fell 0.8% yesterday, as the manufacturer stated orders for 26 aircraft were cancelled in the past week, with an order reduction covering one B737, 10 B777s and 15 B787s, although no further details were provided. The manufacturer received two new B737 orders, one each for a business jet/VIP customer and unidentified customer.

Media reports have indicated that the B787 order reduction has come from Dubai Aerospace Enterprise, with the company's B787 order reportedly no longer on Boeing's order book. The B787 backlog now stands at......

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