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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Molinary who wrote (15475)	12/11/1997 1:35:00 PM
From: travelman	Read Replies (1) \| Respond to of 50167

Chuck, Here is an article on BA. Tuesday December 9, 8:27 pm Eastern Time Boeing says Asian crisis could slow jet deliveries SEATTLE, Dec 9 (Reuters) - Asia's growing economic crisis could force Boeing Co. (NYSE:BA - news) to delay delivery of as many as 20 airplanes a year over the next three years, an official of the manufacturer said Tuesday. Company spokeswoman Marta Newhart said the projection for up to 20 delayed deliveries was a worst-case scenario based on an internal review of Asia's economic problems conducted within the past several weeks. But she emphasized that so far Boeing has not received a single request for a deferral from an Asian customer. Boeing is expected to deliver 550 jets next year, up from about 380 this year, including former McDonnell Douglas models. Boeing commercial airplane group President Ron Woodard said last month the company had gone to customers in Asia and elsewhere, seeking carriers who would volunteer to accept delayed deliveries to help ease a manufacturing crunch caused by parts shortages. There were no volunteers, so Boeing was forced to push back delivery schedules equally for all its customers. Last week, officials of Asiana Airlines said the South Korean carrier would defer delivery of a Boeing 777-200 from late next year to 1999 due to the economic crisis, but Newhart said Boeing had not heard directly from the airline. Over the past several months, Asian air passenger traffic has declined by about 11 percent on average, compared with forecasts of 8 percent to 10 percent growth and recent growth of as much as 30 percent, according to analyst Nick Heymann of Prudential Securities. But Newhart said Boeing remains bullish on Asia, noting that the region is expected to account for 34 percent of the industry's projected $1.1 trillion in jets to be sold worldwide over the next 20 years.