BA — Boeing CEO Ortberg prioritizes finances, production catch-up over new plane design

Boeing has begun preliminary work on a new airplane but is prioritizing financial stability and clearing its backlog of delayed deliveries, CEO Kelly Ortberg stated ahead of the Farnborough Airshow. Ortberg said it would take another couple of years to get the company's "financial house in order" before committing to a new design, noting that current orders are not the challenge. The focus remains on delivering existing models like the 777X and stabilizing operations after a series of quality and safety crises.