Aircraft
Boeing Details Latest 777 Production Rate Cut
Announces plans to lower production rate to five per month in August
A recent firm order from Qatar Airways for ten Boeing 777-300ERs proved insufficient to avoid the company's latest production cut. (Photo: Boeing)
A recent firm order from Qatar Airways for ten Boeing 777-300ERs proved insufficient to avoid the company's latest production cut. (Photo: Boeing)

Boeing has decided to cut 777 production rates to five aircraft a month in August 2017, a move the company expects will result in the loss of a still undetermined number of jobs and a “modest” effect on financial results this year. The company sent a message to employees on Monday explaining the decision.