June 18, 2007 / 10:15 AM / in 11 years

JP Morgan says Boeing 787 up to 4 months late

LE BOURGET, France (Reuters) - Boeing’s (BA.N) closely watched 787 Dreamliner plane is up to four months behind schedule, according to a JP Morgan analyst note circulated on Monday.

    “We believe that the ‘power on’ to the aircraft was scheduled for April 21, but is now scheduled for August 15, and even that date is considered a bit of a stretch by some suppliers,” said JP Morgan analyst Joseph Nadol in a research note, citing unnamed suppliers on the 787 program.

    The head of Boeing’s commercial airplane unit, Scott Carson, said earlier on Monday that the plane was still on schedule for roll out in July and test flight in August or September. He said it would be delivered on time to the first customer in May 2008.

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