Boeing Shares Fell Nearly 2% in Premarket Trading

Boeing shares fell nearly 2% in premarket trading.Boeing Co.said it’s not racing to resume deliveries of its 787 Dreamliner as the company played down the risk that customers waiting for the jet might switch to rival planemakerAirbus SE.

Stan Deal, president and chief executive officer of Boeing Commercial Airplanes, said the company is in talks with all the affected airlines and indicated he doesn’t expect to lose their orders.

“We hope the power of the product is going to get us through,” he said at a media briefing in Singapore ahead of the city’s biennial air show, which starts Tuesday. “But we don’t take that for granted.” Deal declined to specify when deliveries might restart, adding “we’re not going to rush the process.”

Boeing in January recorded $5.5 billion in total costs for the 787 Dreamliner, wiping away any near-term profit for the marquee wide-body jet. The 787 program’s profits have been erased as Boeing pays airlines for service they’ve lost because of delivery disruptions.