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The company also said it has agreed to terms that could lead to an additional 787 order for its Spanish airline, Iberia. The deal won't turn into a firm order until Iberia restructures and reduces expenses "and is in a position to grow profitably," IAG said. The only other 787 order Boeing has booked this year is for 42 planes for American Airlines. That deal was reached in 2011 but needed bankruptcy court approval. Before the announcement Wednesday, Boeing had a backlog of orders for 841 of the planes. It is continuing to build them, even though it can't deliver them now. With planes still rolling off production lines, 15 have been added to its inventory, on top of about 41 planes in inventory at the end of last year, UBS analyst David Strauss wrote on Monday. The National Transportation Safety Board plans a hearing into the battery problems on April 23 and 24th. Boeing Co. shares rose 27 cents to close at $84.36 on Wednesday.
[Associated
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