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Update January 19: Boeing announced Tuesday that its first delivery, to Japan's All Nippon Airways, will be pushed back by six months to the third quarter.

This marks the seventh such delay in delivery of the 787 Dreamliner which was once expected for delivery in May of 2008.

The Post and Courier has the update.

First reporting: Already two year behind the original schedule, Boeing announced on Friday that first delivery of the 787 Dreamliner won’t take place until mid-first quarter 2011.

According to the company's official release:

The delivery date revision follows an assessment of the availability of an engine needed for the final phases of flight test this fall.

While Boeing works closely with Rolls-Royce to expedite engine availability, flight testing across the test fleet continues as planned.

Boeing claims the extended wait won't affect the "company’s financial guidance," but the post in the Charleston Regional Business Journal explains why some industry experts believe otherwise.