SAN FRANCISCO/SINGAPORE: Boeing has pushed back the entry into service of an ultra-long-range version of its forthcoming 777X widebody, the US planemaker said on Wednesday, as it grapples with fallout from the 737 MAX crisis and engine issues with the 777X.
The fresh delay comes as the grounding of Boeing’s money-spinning 737 MAX single-aisle entered a sixth month in August, and as the world’s largest planemaker faces engine-related delays on the 777X widebody that have pushed the first flight of the 777-9 into 2020.
The delay in the slower-selling, longer-range 777-8 will hamper Boeing’s ability to provide a plane in line with the schedule for Qantas Airways’ plan for 21-hour non-stop Sydney-London flights.
The Australian airline had hoped for first deliveries of the planes in 2022 and the launch of the world’s longest commercial flight in 2023.
“We reviewed our development program schedule and the needs of our current 777X customers and decided to adjust the schedule,” Boeing spokesman Paul Bergman said by email, adding that the manufacturer remained committed to the 777-8.
“The adjustment reduces risk in our development program, ensuring a more seamless transition to the 777-8. We continue to engage with our current and potential customers on how we can meet their fleet needs. This includes our valued customer Qantas.”
The Air Current website first reported the delays, saying the 350-seat 777-8 model revised for ultra-long-range flights had originally been scheduled to enter service in 2022 after the arrival of the 777-9 in 2020.
The decision effectively means Boeing engineers have frozen development work on the ultra-long-range version of the 777X. The schedule delay could jeopardize competition with European arch-rival Airbus for a slice of the ultra-long-haul travel market.
Airbus, which is offering an ultra-long-range version of its A350-1000, and Boeing have already submitted their “best and final” offers to Qantas for planes capable of the 17,000-kilometer Sydney-London route, a Qantas spokesman said.
“We still expect to make a decision by the end of this calendar year,” he said.
Boeing’s proposal included a “compelling option” to help deal with the 777-8 delay because it was keen to the stay in the race, according to a source with knowledge of the matter who was not authorized to speak publicly.
An Airbus spokesman said details of its discussions with Qantas remained confidential but the A350 was a “perfect solution” to meet the airline’s needs.
To date, Emirates and Qatar Airways are Boeing’s only customers for the 777-8, having ordered 35 and 10 respectively. The Seattle Times in June reported Emirates was renegotiating its 777X orders.
Emirates and Qatar Airways did not respond immediately to requests for comment about the 777-8 delays.
Boeing delays delivery of ultra-long-range version of 777X aircraft
Boeing delays delivery of ultra-long-range version of 777X aircraft
- Boeing still grapples with fallout from the 737 MAX crisis and engine issues with the 777X
- schedule delay could jeopardize competition with European arch-rival Airbus
Saudi public investment fund assets rise 36% to$58bn in Q3
RIYADH: Assets held by public investment funds in Saudi Arabia rose 36 percent from a year earlier to about SR217.9 billion ($58.1 billion) by the end of the third quarter of 2025, driven by strong growth in domestic investments, official data showed.
Asset values also rose 5.7 percent from the previous quarter, according to data from the Capital Market Authority cited by the Saudi Press Agency.
Saudi Arabia’s stock exchange has seen strong growth in recent years, attracting increased investor interest in fixed-income instruments amid a global environment of elevated interest rates.
According to SPA, the number of subscribers to public investment funds reached 1.59 million by the end of the third quarter, representing an annual increase of 1.5 percent.
The growth in public investment fund assets was driven by a 39 percent year-on-year rise in assets of local funds, which reached SR186.9 billion in the third quarter of 2025 and accounted for 86 percent of total assets.
Meanwhile, assets of foreign funds rose to SR31.1 billion, reflecting annual growth of 21 percent.
The number of public investment funds in the Kingdom increased 11.6 percent year on year to 346, up from 310 in the third quarter of 2024.
Public investment fund assets were distributed across a range of investment types, including equities, bonds, cash instruments, real estate investments, and other assets.
Local money market funds held the largest share of assets at SR75.6 billion, followed by local equities at SR46.6 billion, real estate investment funds at SR28.9 billion, and funds invested in other local assets at SR19.6 billion.
To further strengthen the capital market ecosystem, the Kingdom announced earlier this month that it would open its financial markets to all foreign investors.
The measures introduced by the Capital Market Authority include the removal of restrictions such as the Qualified Foreign Investor framework, which required a minimum of $500 million in assets under management, as well as the abolition of swap agreements.










