Aircraft giant Boeing has suffered another setback as it announced production of its much anticipated 777X planes would now be pushed to 2027, costing it $5bn (£3.7bn) in late delivery penalties.
The US firm said its 777X had been delayed due to mounting regulatory hurdles which it needs to pass.
It comes during a surge in demand for international travel, when Boeing wants to push its latest model as an upgrade to its iconic 747 and 777 models, a favourite of commercial airlines.
Boeing, beleaguered by trust issues after a series of disasters including a plane door blowing out mid-flight, said revenue in the three months to September rose by 30% to $23.27bn against the same period last year.
Its chief executive Kelly Ortberg said the firm was working to "restore trust with all of our stakeholders" and that he was disappointed with the 777X schedule delay, though he added the plane performed "well in flight testing".
