The Daily Breeze
Thursday, June 09, 2005
5-month jet orders put Boeing in boom period
Aerospace company is back in its stride with the narrow-body 737 and the fuel-efficient 787, which is to debut in 2008.
By Elizabeth M. Gillespie
THE ASSOCIATED PRESS
SEATTLE -- After two years of trailing its chief rival, Boeing Co. is fighting to reclaim the lead from Airbus SAS in the commercial jet market, backed by a hot new plane and a revamped sales team that has been freed to offer big price discounts.
The Chicago-based aerospace company had one of its strongest sales runs ever in the first five months of the year, booking orders for almost 280 planes -- as many as in all of 2004 and four times the order total at this point last year. Many of those are for the fuel-efficient 787, a long-range wide-body jet that is scheduled to enter service in 2008.
Airbus has reported 196 orders from January through May 31, but it could surge ahead at next week's Paris Air Show. John Leahy, chief salesman of the European airplane maker, said he expects several airlines to place up to 100 orders for the new twin-engine A350, a direct competitor to the 787 that Airbus is promising to be on the market by 2010.
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In addition to a recovery in jet sales, Boeing said in its last earnings report that it posted higher sales for its Future Combat Systems, maritime aircraft and other defense programs that compensated for reduced deliveries of F/A-18 and F-15 fighter jets.
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