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

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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.

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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)