Recommended Videos
Left Arrow
The 'geopolitics of oil' have shifted under Trump: Sec Doug Burgum
Chime unveils new investment feature for users
Chime CEO Chris Britt unveils 'Chime Invest' to bridge market divide
Robinhood's Stephanie Guild explains Delta and Gamma in 'yo-yo market'
Investors grapple with momentum trade slowdown
Charles Payne: Hyperscaler investments continue to dominate the AI discussion
Back-to-school shopping season in full swing, retailers offer deals
Managing director on 'overreaction' to IBM's profit warning
CEO reveals the 'good story' in the market
Charles Payne: Momentum has made a 'monunmental move'
I don't see the Fed 'doing much here': CIO says on rate decision
Markets tumble as Trump turns up pressure on Iran
Netflix stock plummets as streamer forecasts slower growth
Morgan Stanley’s Jim Lacamp breaks down the stock market’s 'violent' sell-off
Healthcare could become an early AI 'winner,' strategist says
AI trade is a multi-year 'mega trend': Jan van Eck
Larry Kudlow: This is the re-emergence of a ‘Goldilocks economy’
Charles Payne: The rotation trade 'continues to expand'
Right Arrow
FOX Business Flash top headlines for July 20
Check out what's clicking on FoxBusiness.com.
Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible new airplane design but is not yet ready to move forward.
Ortberg, who became president and CEO in August 2024, said Boeing is spending "time and money" evaluating its options and preparing to introduce a new design when the company is ready, according to The Wall Street Journal.
"We don’t have a firm configuration right now," Ortberg said ahead of the Farnborough International Airshow near London. "We’re evaluating trade studies. You create a baseline, and you evaluate things against the baseline, and then you change."
TRUMP ANNOUNCES CHINA WILL BUY 200 BOEING JETS AFTER XI TALKS: ‘A LOT OF JOBS’
Boeing CEO Kelly Ortberg speaks during a media event at the company’s delivery center in Seattle on Jan. 7, 2026. (M. Scott Brauer/Bloomberg via Getty Images)
Before launching a new airplane, Boeing wants to improve its finances, develop the necessary technology and deliver aircraft that are already behind schedule, Ortberg said.
"Certainly, getting our financial house in order is a part of our being ready," Ortberg said. "That’s going to take another couple years."
Boeing is currently focused on delivering delayed models, including its long-awaited 777X wide-body jet, The Wall Street Journal reported.
UPS SAYS BOEING GUIDANCE LED CARRIER NOT TO ADOPT ENHANCED MD-11 INSPECTIONS BEFORE FATAL CRASH
The Boeing Co. chalet is seen at the Farnborough International Airshow in Farnborough, England, on July 20, 2026. (Betty Laura Zapata/Bloomberg via Getty Images)
"Orders are not our challenge," Ortberg said. "Our challenge is getting these orders delivered."
Boeing also kept the 777X in the U.S. rather than conducting demonstration flights at the Farnborough airshow while the aircraft awaits Federal Aviation Administration (FAA) certification, according to The Wall Street Journal.
The FAA could approve Boeing’s 737 MAX 7 as soon as late July. Ortberg said he expects the larger MAX 10 to follow not long afterward, the outlet reported.
AIRLINES WARN CHANGING DAYLIGHT SAVING TIME WOULD DISRUPT SCHEDULING
The Boeing logo is displayed outside the company’s chalet at the Farnborough International Airshow in Farnborough, England, on July 20, 2026. (Betty Laura Zapata/Bloomberg via Getty Images)
Ortberg said airline customers want Boeing to focus on improving production and reliability across its current lineup before introducing a new jet, according to CNBC.
Boeing and Airbus dominate the large commercial aircraft market, and a future Boeing airplane could help the company compete with Airbus’ A320 family, the outlet reported.
The comments come as Boeing adds to its order book. In May, President Donald Trump said Chinese President Xi Jinping had agreed to order 200 Boeing jets during a high-level meeting in Beijing.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Boeing could not immediately be reached by FOX Business for comment.
