Airlines play down impact of Boeing 787 delay

By Aiko Hayashi and Jason Neely

TOKYO/LONDON (Reuters) - British Airways, Japan's All Nippon Airways Co (ANA) and other buyers of Boeing Co's new 787 said on Thursday the plane's delay would have little or no impact on operations.

Boeing could face penalty fees for late delivery of the Dreamliner aircraft after revealing a six month delay in its fastest-selling plane on Wednesday.

The news triggered a 2.7 percent fall to $98.68 in the stock's heaviest trade in almost a year.

It means the 787 will not fly tourists to the Olympics in Beijing next summer and prompted comparisons with rival Airbus which is set to deliver its first A380 superjumbo next week after costly delays put it two years behind schedule.

"For now, we don't expect it to have such a huge impact," said ANA spokesman Shinichi Shinkawa, adding the 787 launch customer was studying the matter.

Britain's Rolls-Royce, which will supply engines for ANA's 787s, said it expected no financial impact in 2008 from the delay in first deliveries.

"We are still confident we will get the first delivery in 2010," said a British Airways spokeswoman.

Australia's Qantas Airways Ltd, Air Berlin and Vietnam Airlines were among other 787 buyers who said for now the delay would be manageable.

"Boeing said the August 2008 aircraft would slip, but not by six months," Qantas Chief Executive Geoff Dixon said in a statement.

Dixon was a vocal critic of Airbus after the A380's delays and Qantas last year said it had been paid 104 million Australian dollars ($94 million) in compensation stemming from the delay.

"Compensation issues will be the subject of commercial negotiations between the Qantas and Boeing companies," Dixon said regarding the 787.

Qantas is among the biggest buyers of the plane. Dixon said the airline has 65 on firm order, 20 options and purchase rights for a further 30.

ANA declined to comment on the matter.

A Boeing spokesman said: "We have assumed in our assessment the financial impact of any penalty payments which would be added into the cost base of the program."

The planemaker said there would be no "material" impact to earnings and left its forecasts for this year and next unchanged, saying by the end of 2009 it hoped to deliver 109 of the planes versus an original plan of 112.