In a blow to Boeing, one of Russia’s airline, S7, has become the first airline to cancel its order for the 787 Dreamliner.
Reuters is reporting that the order for 15 787s, due for delivery in 2014, was worth $2.4 billion. The jet hasn’t even gone on test flights and it’s about two years behind schedule.
S7, rival to Aeroflot, will lease the planes instead according to company officials.
Officials said that “S7 retains interest in using the Dreamliner and at the moment is looking into receiving the planes under a leasing scheme at an earlier date, for which it is in negotiations with several leasing companies.” The airline did not name the leasing companies.
Hard hit by oil prices and global economic turmoil, the Russian government created a new state airline, Russian Airline, to absorb the dozen or so airlines that could no longer fly.
Boeing is expecting more airlines to cancel their orders as the demand for flight wanes.