Boeing Company is on track to deliver its first 787 Dreamliner, which will compete with Airbus's A380 jet, the company's Head of Commercial Airplanes said.Boeing is due to deliver the first 787 to All Nippon Airways by the end of this year. "Testing is going well. If there are no unexpected discoveries, we'll be on track," said James Albaugh, President and Chief Executive of Boeing Commercial Airplanes.
Production of the carbon-composite airplane was delayed five times in three years, and the first flight was postponed six times, due to a shortage of bolts, faulty design, and a two-month strike at its factory.
The company reported a higher-than-expected first-quarter profit despite making fewer deliveries as it held down costs at its commercial airplane division.
Albaugh also said Boeing still plans to announce in June whether it will increase production of its 737 single-aisle plane from its current rate of 31 planes per month. The company has not yet said by how much it would raise the production rate.