Boeing Dreamliner's Latest Blow

The news doesn’t get any better for Boeing: The beleaguered airplane giant got word Friday that Australian airline Qantas is canceling an order for 15 of its 787 Dreamliners and putting off delivery of 15 more. Financially strapped airlines have already canceled more than 70 orders and deferred many more for the plane maker’s oft-delayed next-generation plane. “The operating environment for the world’s airlines has clearly changed dramatically” since Qantas placed its order in 2005, the Aussie company’s CEO said in a statement. Even worse: All the cancellations give rival Airbus time to study Boeing’s missteps ahead of the 2013 release of its A350 plane, BusinessWeek reports.