Boeing Says 737 Orders Mute Emerging-Market Currency Risk
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Boeing Co., the world’s largest planemaker, says it’s cushioned against currency market turmoil by an order backlog for its best-selling 737 jet that’s large enough to keep factories busy for seven years.
Boeing can count on strong demand for the popular narrow-body jet to lessen the risks of order cancellations if currencies continue to plunge in developing nations from India to Indonesia, Beverly Wyse, a Boeing vice president and 737 general manager, said yesterday in an interview at the Renton, Washington, factory where the jets are assembled.