In the aftermath of this week's announcement of an additional three-month delay to the 787 program, Boeing is facing a growing credibility problem while the likelihood rises that it will be forced to make penalty payments to airlines for late deliveries. But given the 787's popularity (orders are in place for 817 aircraft) and the reality that the A350 XWB is not scheduled to enter service until 2013, analysts remain bullish on the long-term prospects of the next-generation aircraft program. ...

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