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New Boeing aircraft development hampered by backlog of existing orders, says CEO

Boeing CEO Kelly Ortberg said the global aerospace company has begun early work on a possible new airplane design but is not yet ready to move forward.Ortberg, who became president and CEO in August 2024, said Boeing is spending "time and money" evaluating its options and preparing to introduce a new design when the company is ready, according to The Wall Street Journal."We don’t have a firm configuration right now," Ortberg said ahead of the Farnborough International Airshow near London. "We’re evaluating trade studies. You create a baseline, and you evaluate things against the baseline, and...