Business
Boeing Needs to Shore Up Finances Before Launching New Airplane Design, CEO Says
Boeing BA -0.14%decrease; down pointing triangle Chief Executive Kelly Ortberg said the company has started work on a new airplane design, but it is focused on playing catch-up to deliver products that are years behind schedule.
Ortberg said airlines weren’t clamoring for a new design just yet, and Boeing wants to have the technology and its finances in place first. “Certainly, getting our financial house in order is a part of our being ready,” Ortberg said. “That’s going to take another couple years.”
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