Business

<< Previous   of   Next >>   ADVERTISEMENT   Related Stories • Boeing delays 787 at least six months 4/9/08   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Friday, April 4, 2008 Boeing slightly off pace to meet delivery goals By Michelle Dunlop Herald Writer EVERETT -- The Boeing Co.'s first quarter jet deliveries and orders are up compared with last year, but the company is slightly off pace to meet its 2008 delivery goal. Boeing said Thursday that it delivered 115 commercial aircraft in the first quarter, up 8 percent from a year ago. However, at that pace, the company won't meet its target to deliver 475 to 480 jets this year. Boeing has received 288 net orders through April 1, up from 189 net orders in the first quarter of 2007. During the first three months of this year, Boeing handed over 87 single-aisle 737 jets to customers, including delivering 32 of the Renton-built planes last month. The company also turned out 21 of its Everett- assembled 777s in the first quarter along with four 747s and three 767s. Boeing bested its first quarter delivery total from the previous year by nine airplanes. The Chicago-based company will not deliver any of its fast-selling 787 Dreamliner jets this year. Boeing scaled back in January its 2008 delivery goals as a result of setbacks on the Dreamliner program. The company also updated on Thursday its orders total through April 1, listing nearly 100 jet orders more in the first quarter of 2008 than the same quarter last year. In 2007, Boeing set a new net order record of 1,413. Boeing officials along with most industry observers expect both Boeing and its rival Airbus to take in fewer orders this year than last. Airbus, which updates its orders and deliveries monthly, lists 341 net orders through the end of February. The Toulouse, France-based company won 1,341 orders in 2007. It finalized early this year several tentative agreements that had been announced last year. In terms of deliveries, Airbus delivered 75 aircraft through the end of February, including 63 of its single-aisle A320 family jets. Boeing's stock closed Thursday at $76.14, down 71 cents for the day. Reporter Michelle Dunlop: 425-339-3454 or mdunlop@heraldnet.com.

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