Do you know that sinking feeling when people tell you they are going to do something again and again and again—and then once more—but they never, ever do it? That's what I'm feeling right now with the Dreamliner:
The Boeing Company (NYSE: BA) today announced that the first flight of the 787 Dreamliner is expected by the end of 2009 and first delivery is expected to occur in the fourth quarter of 2010. The new schedule reflects the previously announced need to reinforce an area within the side-of-body section of the aircraft, along with the addition of several weeks of schedule margin to reduce flight test and certification risk. The company projects achieving a production rate of 10 airplanes per month in late 2013.
There you have it. According to their press release, the fabled Boeing 787 Dreamliner will finally take off by year's end. With their credibility completely gone, I don't know if I should laugh or cry. I think I will do both. [Boeing]