Boeing Thins Out Its 747 Order Book
MORE ASIAN CONTAGION: Boeing is cutting 747 production from five a month today to 3.5 by the second quarter of 1999. Asian carriers had accounted for 40% of the current 150 orders. But now, some of the orders have been deferred, says Fred Mitchell, Boeing vice-president of production. Boeing will still ramp up overall production to about 50 planes a month in 1999 compared with 47 today. But the extra deliveries will come from the lower-margin 737 line.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.