Boeing delays its 747-8 freight plane

BOEING, which is reeling from the troubled 787 Dreamliner programme, said yesterday it would delay the first flight and delivery of its 747-8 Freighter and take a $1bn (&pound;628m) charge because of high production costs and tough market conditions.<br /><br />The delay &ndash; the second announced this year for the new generation of the jumbo aircraft &ndash; pushes the first flight to early 2010 from the fourth quarter of 2009 and delivery to the fourth quarter of 2010 from the third quarter.<br /><br />Boeing, which has about 100 orders for 747-8s on its books at list prices between $293m and $308m, gets paid by customers at delivery.<br /><br />The charge and the related delay also called into question the credibility of the commercial airplanes arm. <br />