Boeing to cut 747 output 30% in 1999 and to curtail production of its 777

Article Abstract:

Boeing Co. announced that it will cut its production of 747 jumbo jets by 30% in the 1999 second-quarter. The plane maker will also temporarily reduce the production of its 777 widebody by the end of 1999. The reduction of 747 production came as a surprise to those who did not expect such deep cuts. The production costs show Boeing's increasing worries over a drop in orders from Asia. The reversal of the present production rampup for the 777 was also unexpected.

Comment:

To cut production of 747 jumbo jets by 30% in the 1999 second-quarter and to temporarily cut production of 777s by end of 1999

Jumbo Jets

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Boeing moves to boost profit margins by raising base price of most jetliners

Article Abstract:

Boeing Co. has decided on a 5% increase in the base price of most of its jetliners. The move shows that the plane maker is committed to turning its struggling profit margins around. The price increase went into effect on July 1, 1998. The practical effects of the increase are uncertain at the moment. Boeing normally provides discounts for its customers. The price hike is the first one that the company has implemented since 1975.

Comment:

Boeing Co. decides on a 5% increase in the base price of most of its jetliners

Consumer prices

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Boeing is placing its bets on smaller, cheaper airliners

Article Abstract:

Boeing Co. is relying more and more on airliners that are smaller and less-expensive. For years the plane maker has led in the jumbo jet manufacturing business. Since the time that Boeing took over McDonnell Douglas in August 1997, the company has canceled the long-term assembly of all three of McDonnell Douglas aircraft. Boeing now appears ready for the production of 737 twinjets on a new assembly line in Southern California.

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