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Boeing doesn't expect to fly the 777X before 2020

Chicago, Illinois - The first flight of the Boeing 777X is delayed until early 2020 due to a technical problem with the GE9X engines that will power the aircraft.

Boeing announced the delay during the presentation of its quarterly results today, July 24.

The company was initially planning to carry out the first flight of its new widebody jet in June.

Boeing still targets to deliver the first plane to the launch customer Emirates Airlines by the end of 2020. But according to the manufacturer, there is a significant risk that this plan will not be achieved.

Read: Boeing completes the assembly of first 777-9 for Emirates Airlines

Earlier this month, the GE9X engine of the General Electric was proclaimed by Guinness World Records as the largest and the most powerful engine designed for a commercial passenger plane.

The previous record belongs to another engine from General Electric, the GE90-115B, which powers the Boeing 777-300ER.

Boeing incurred record losses in the second quarter due to the global flight ban for the 737 MAX jets after two fatal crashes.

The aircraft manufacturer continues to produce 42, 737 MAX jets per month, but they can’t be delivered to the customers due to ongoing grounding.

The aircraft parking lots in Renton are full of 737 MAX jets and the company has also to pay for storing about 150 newly built aircraft in different places.

Boeing expects the 737 MAX jets to return to service in November, but company CEO Dennis Muilenburg warned investors that they could further cut or suspend the production of 737 MAXs if delays get worse.

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Parked 737 MAXs at Boeing's Renton Factory

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Satellite image shows parked 737 MAXs at the Renton Factory (provided by Planet Labs)

The total cost of the 737 MAX crisis to Boeing is around $8.3 billion, and it is counting as the global flight ban for its best-selling aircraft reaches its fifth month.