U.S. aircraft maker Boeing Co. expects steady demand for its new 7E7 Dreamliner jets in Asia, a top executive said Friday. The midsized 7E7 “is right for a lot of airlines,” particularly those in Japan, Southeast Asia and the Middle East, said Thomas Pickering, Boeing’s senior vice president for international relations. Boeing says the 7E7s, which will carry 200 to 250 passengers, will be lighter and more fuel-efficient than comparable models. Pickering refused to give sales targets or details of continuing negotiations with Asian airlines. But he said Boeing is in close contact with key customers to discuss “every aspect of the airplane.”
A judge declared a mistrial Friday in the trial of two former Tyco International executives accused of looting the company of $600 million, citing intense outside pressure placed on one of the jurors who allegedly flashed an OK sign to defense lawyers. The mistrial declaration by state Supreme Court Justice Michael Obus came after nearly six months of testimony and 11 days of deliberations in the case against former chief executive L. Dennis Kozlowski and former chief financial officer Mark Swartz. “It is certainly a shame that this has to be done at this time,” the judge told the jurors. “I’m relieved now,” Kozlowski said.
Alaska Airlines is adding a nonstop flight from Seattle to Washington, D.C., after winning more slots at Reagan National Airport. Reagan National is one of only a few airports in the nation with limited flight slots. The airport does so because the demand is too great for the facilities. Alaska will now offer two daily flights from Seattle.
British Columbia and the United States are trying to negotiate a separate softwood lumber agreement for the province alone, U.S. Commerce Undersecretary Grant Aldonas says. Aldonas made the comments Thursday after endorsing the forest policy changes undertaken by the provincial government. He made a field trip to remote forestry operations on Vancouver Island, where British Columbia officials walked him through the details of the province’s timber sales program. Under the new program, data from timber auction prices are used to set stumpage rates on government timber sales, a drastic departure from the old system, where the province set revenue targets.
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