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Boeing's CEO says it might have to delay its much-anticipated new plane, the 777X, once again

1. Boeing's 777X certification is further delayed, impacting financial forecasts. 2. CEO Kelly Ortberg indicated significant remaining work before certification completion. 3. Share price dropped 3.3% after the announcement of the delay. 4. The 777X has 624 orders but has faced customer frustration due to delays. 5. Emirates expressed skepticism towards Boeing's forecast on delivery dates.

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FAQ

Why Bearish?

Ongoing delays and customer frustrations typically lead to negative investor sentiment. Historical delays in Boeing products, such as the 737 MAX, resulted in significant stock price declines.

How important is it?

The article highlights critical delays and customer dissatisfaction, which can affect Boeing's market position. The financial implications of these delays are significant and could sway investor decisions.

Why Short Term?

Immediate investor reactions to the delay will impact stock price. However, long-term demand remains strong if delivery issues are resolved.

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