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Boeing Boosts Output on 777s and 747s to Meet Demand

BusinessWeek - Mar 19, 2010

Boeing Co., seeking to reclaim its title as the world’s biggest commercial-plane maker, will boost production of its largest jets to meet increasing demand as airlines recover from the recession-induced travel slump.

The manufacturing rate on the 777 will go back up to seven a month in mid-2011, instead of early 2012, Chicago-based Boeing said today in a statement. Output of the 747 jumbo jet will rise to two a month, from about one and a half, starting in mid-2012 instead of mid-2013, the company said.

The move comes less than a year after Boeing decided to cut production amid order cancellations and deferrals from airlines that couldn’t find financing for new planes. Boeing marketing chief Randy Tinseth today repeated a forecast that airlines will return to profitability in 2011, boosting demand for planes by 2012. The accelerated production increases aren’t expected to have a material effect on 2010 financial results, Boeing said.

Read Full Article from BusinessWeek

- Posted: 2010-03-19 09:57:50


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