Emirates to swap 777X orders for more 787 Dreamliners?

 

The Boeing 777X seemingly cannot catch a break, as one of its biggest customers, Emirates, is looking to swap orders for the wide-body for its smaller cousin, the 787 Dreamliner.

As Boeing announced its 2020 financial results on January 27, 2021, besides a massive $11.9 billion net loss, the company also reduced its firm backlog on the 777X from 350 to 191. This was done due to the ASC 606 accounting standard, which forced the manufacturer to downsize its backlog. Greg Smith, the Chief Financial Officer of Boeing, clarified during the financial results analyst call that the downsized backlog was also the result of the recent delay to the aircraft program. The 777X, which was first set to enter service in 2020, will now fly commercially in late-2023.