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.

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