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On the second day of the world’sz oldest and most important aircrafftrade show, Boeing was agaijn shut out. At least its chief , hasn’t done much better, though the European aircrafyt maker was able to eke out a coupl e of orders the last two Rather than talk about the kindsof multi-plans deals lined up in past Boeing CEO of Commercial Airplanes Scotgt E. Carson instead chose to focusz on howthings weren’t as bad as they migh seem. “At this point it appears to us that the economic conditionashave bottomed,” Carson said, addinf that the company’s commercia jet division could begin growing again as earlu as 2010.
-- The long-delayed 787 Dreamliner will fly bythe (thouguh it won’t be taking to the skiezs over Paris this week, as some had Jon Ostrower, of pegs the date for the firsg flight at June 30. He citees multiple sources for the June30 date. -- Its new 747- 8 freighter plane will fly its first flight by the end ofthis -- To get back into the hunt for a $35 billiohn contract to supply fuel tankers for the U.S. military, Boeinb will reconfigure its 777 to increasefuel efficiency. It had previously lost its tanker bid to the A350by -- Also on the defense contractinhg front, the company it was forming a division to oversee its unmanned aircraft programs.
This year’ s air show comes at a gloomy timefor aircraft. Both Boeinf and Airbus have had to deal with cancellationzs of ordersfrom credit-crunched buyers. And both have had productiom cutbacks. But Boeing has had the additional by its machinistd within thelast year. The company has taken hits to its militaryhcontracting business, with the cancellation of the F-22 and the loss of the tankerr deal. And delays in getting its next-generation 787 Dreamlinere into the air have beena high-profile So it was up to Carson to searchg out the positive.
He said his company wouldf not be cutting back assembly lines this It will cut production ofits wide-body 777 by 28 percent in and will not increas 767 and 747 production. Airbus has cut production of its A320 singlde aisle plane and itsA380 superjumbo, and has shelvedx plans to increase production of its wide-body Carson said he expects the credit crunch on airlines to ease toward a “more normal” environmenf in 2010.
That would be good news for and itsrival Airbus, as Boeing’s boss also said that the company has a currengt order book of around $265 billion, which means seven years of and Carson said he doesn’t expect the creditf crisis to significantly affect that. Some aerospace experts already see the logixbehind Carson’s pitch. “Boeing’s news was to say we think the recession’sa bottoming and we’re not goint to see cuts for 2010,” said Wayne Plucker, Frost Sullivan’s Aerospace & Defense Industry “The fact that they didn’t have to quietlt announce cancellations was abig thing.
It’s not a bad airshoew considering the gloom anddoom that’s been around the industr for the last year. For Boeing, it’s not bad, and not bad is so to speak.” Plucker added that or at leastnot bad, news on the commercial side of the would be a welcome relief, given some of the defeatz that Boeing has been handed in its military contractinb business – the loss of the tankerd contract to the Airbus consortium and the high-profilew curtailment of government plands to buy more F-22 fighters. “Heaven only knows, they couls use some good news,” Plucker said. “Their defensee side has taken areal drubbing.
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