Boeing's jet biz takes some hits.(Briefs)(aerospace company loses orders)

Crain's Chicago Business, October, 2002

Several airlines delivered bad news to the commercial side of Boeing Co.'s business last week. The Chicago-based aerospace giant lost a 120-plane order from European discount carrier easyJet Airline Co. Ltd. to French rival Airbus. The list prices for the jets total $6 billion. The contract would be the industry's biggest this year and will help Airbus take the lead for orders over Boeing.

Meanwhile, Boeing agreed to delay the delivery to Delta Air Lines Inc. of 29 jetliners-all of the Boeing planes the struggling Atlanta-based airline had been scheduled to take over the next two years. And Texas-based AMR Corp., parent of American Airlines, told Boeing that it wouldn't take delivery of any new planes in 2004 and 2005. (See related story on Page 3.)