Manufacturing Industry
2003 PRODUCTION CUT BY 8 JUMBOJETS BY BOEING.
Advanced Materials & Composites News, June, 2002
On May 22, Boeing Co. announced that it will cut eight jumbojets in 2003 from those originally planned. The company continues to forecast 2003 deliveries of between 275 and 300 airplanes, primarily because of stonger demand for the smaller 737s since the attacks of Sept. 11, 2001. Alan Mulally, chief executive of Boeing Commercial Airplanes Division said in ST.
Louis at an investors' conference that fewer of the jumbo jets will be delivered because traffic remains weak, mainly for international routes. Boeing's projection for 380 deliveries in 2002 is still holding. Pressure on the market for wide-body jets is "a concern to us," Mulally said. Boeing is the world's largest manufacturer of commercial aircraft, and was hit hard after the Sept. 11 attacks...
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