Boeing Sees Growing Demand for Commercial Airplanes
Boeing's (BA) commercial airplanes CEO sees a rebound in demand for commercial aircraft as the global economy improves.
The company had over 3,000 unfilled orders for commercial airplanes as of June 30, the company said in a statement. Many customers are choosing the Next-Generation 737 and the 777 planes.
"We continue to invest in these very successful programs to constantly deliver more value to our customers," Jim Albaugh, Boeing's Commercial Airplanes CEO, said
Boeing also sees opportunities in the commercial airplanes services such as flight training and information management, Albaugh said.
The announcement came as the company received a couple of big orders from Dubai-based Emirates Airlines (30 Boeing 777-300ERs) and GE's (GE) Capital Aviation Services unit (40 Next-Generation 737-800s) at the 2010 Farnborough International Airshow. In total, the orders are worth more than $12 billion at average list prices.
Dreamliner Delivery May Slip Into 2011
The new orders weren't the only the only highlight for Boeing at the show. On Sunday, Boeing displayed its highly anticipated Dreamliner aircraft, which has suffered numerous delays over the past two years.
Boeing CEO Jim McNerney said delivery could slip into 2011. "End of the year is the plan," he said. But he added "there could be some paperwork that pushes it into next year."
