Dubai lessor slashes 787 order; Boeing warns of possible 'modest production cuts'

LCAL, the Dubai-based lessor established in 2004 to buy and lease 787s, cut its Dreamliner order from 21 aircraft to five, dealing another blow to Boeing's troubled next-generation aircraft program. The 16 cancellations announced by the manufacturer yesterday, valued at $2.8 billion, marked the...

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