Boeing's Ripple Effect Begins

The decision by Boeing(BA Quote) to again delay its 787 jetliner is starting to have repurcussions throughout the industry.

Airlines are changing their plans. Standard & Poor's has lowered its outlook for Boeing's suppliers. Leasing companies can notch up the value of their aircraft. And sole competitor Airbus is collecting new orders.

Boeing said Wednesday that the first 787 delivery, once scheduled for May 2008, is now planned for early 2009. The company backed away from its plan to deliver 109 aircraft next year, but would not specify a new delivery schedule. Boeing shares traded Friday at $78.18 and are down about 4% for the week. ...