Among the information on the 787 that was passed along during the call were:
- Installation has begun on 10 in service 787 and 9 production aircraft thus far.
- Boeing initiated a rate break to 7 aircraft/month.
- All engineering work on the 787-9 is completed. Final assembly will start by mid year (I'm expecting very late May. First flight this fall and first delivery in the first half of 2014.
- 787-10 interest remains very high and Boeing anticipates formal launch "soon." With delivery slots sold out Boeing may have to look at a further increase in the 787 production rate beyond 10/month and this issue is currently under evaluation. The rate must be stabilize at the 10/month before consideration of a rate increase beyond that rate.
- Travelled work is close to 0 and part shortages are minimal.
- Most of the battery work should be completed by mid May on the in service 787s.
- The per unit cost of producing each 787 has come down 60% from LN 8 to LN 100.
- Boeing is maintaining its delivery guidance of more than 60 787s this year and said that 15% to 20% will be delivered in the second quarter.