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FinancialAdvisor

10/05/05 5:14 AM

#11987 RE: FinancialAdvisor #11980

Boeing Deliveries Reach 10 Year Low

Boeing Deliveries Reach 10 Year Low
October 4, 2005

Boeing deliveries of commercial aircraft slumped to a ten year low in its strike-hindered third quarter, the US aerospace company said on Tuesday.

Third quarter deliveries to airlines and lessors, at 62, were down by 23 from the second quarter and by 5 from the year-earlier period. The previous low quarter was the third quarter of 1995, when it was also 62.

A nearly month-long walkout by 18,500 workers at Boeing's plants in the states of Washington, Oregon and Kansas ended last week and analysts have said they are hopeful the company will be able to make up for the lost deliveries in September.

Boeing's deliveries for the year to September stood at 217, behind the 271 total reported on Tuesday by European rival Airbus.

Boeing's most popular plane by far remained the 737 Next Generation, a jet favored by low cost carriers. It accounted for 47 deliveries in the three month period.

Separately, Boeing said Indian domestic carrier Jet Airways had confirmed an order announced during the Paris Air Show for 10 777-300ER widebody planes.

(Reuters)


LINK: http://news.airwise.com/story/view/1128463945.html