Boeing will not cut 777 output rate by more than two a month: CEO

Features Reuters

President, Chairman and CEO of The Boeing Company Dennis Muilenburg speaks at the "What's Next?" conference in Chicago, Illinois, U.S., October 4, 2016. REUTERS/Jim Young (Copyright Reuters 2016)

Boeing Co will not cut production of its 777 jetliner by more than two planes a month and will take more time to decide whether a cut is needed, Chief Executive Dennis Muilenburg said on Wednesday.

Continue Reading Below

Boeing already plans to cut production of the wide-body plane to seven a month next year from 8.3 currently, and many experts expect a further cut to five a month due to slow sales and transition to a successor jet, the 777X.

(Reporting by Alwyn Scott; Editing by Chris Reese)