11 Feb '17, 4pm

Boeing's 777X Finally Breaks Its Order Drought With Singapore Airlines Deal - Fox Business

Boeing's 777X Finally Breaks Its Order Drought With Singapore Airlines Deal - Fox Business

Boeing (NYSE: BA) launched the next-generation 777X with great fanfare in late 2013. The airplane held the promise of driving the next wave of growth in long-haul air travel while also replacing fuel-guzzling jumbo jets like the Boeing 747 and Airbus (NASDAQOTH: EADSY) A380 and serving as a successor to the popular 777-300ER. Continue Reading Below Unfortunately, a combination of lower fuel prices and economic weakness in multiple regions of the world have undermined sales of the 777X. However, Boeing finally got a much-needed order last week, as Singapore Airlines agreed to take 20 of the larger 777-9 model. The 777X falls into a rut The 777X launched in November 2013 with 259 orders and commitments from four of the biggest international airlines: Emirates, Lufthansa, Qatar Airways, and Etihad Airways. Boeing said that this was a record number of commitments for a widebod...

Full article: http://www.foxbusiness.com/markets/2017/02/11/boeing-777x...

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