...NEW YORK (S&P Global Ratings) May 24, 2024--Boeing Co.'s announcement that it will generate weaker-than-expected cash flow in 2024 does not affect our '###-' issuer credit rating and negative outlook on the company, but we believe it increases the risk that recovery of its credit measures will be further delayed. Boeing recently announced that additional documentation requirements by Chinese aviation regulators would delay deliveries of 787, 777, and 737 Max aircraft deliveries to Chinese airlines. We estimate the company currently has approximately 60 completed planes in inventory produced for Chinese customers that were planned to be delivered this year. The company expects this delay, as well costs associated with implementing Max production quality control enhancements, will be significant in the second quarter of 2024. Boeing now expects free cash flow to be slightly negative for the full year, down from low single-digit billions of dollars previously. Boeing also indicated it expects...
