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Boeing Co. unveils three new units for doing business

Published 9:00 pm Wednesday, November 1, 2000

Herald staff

SEATTLE — The Boeing Co. has created three new business units: one focused on bringing the Internet and entertainment to air travelers, another aimed at improving air traffic control, and a third to expand the company’s financial services.

The Internet and entertainment unit, Connexion by Boeing, is intended to bring live TV and two-way satellite connections to each aircraft seat, enabling users to receive and send e-mail and tap into numerous sources of news and entertainment.

The air traffic control unit, Air Traffic Management, will develop a proposal for the U.S. government to help solve the nation’s worsening air traffic woes.

The expanded financial services unit, Boeing Capital Corp., is a 100-person operation based in Renton. It is a lending and leasing organization that manages a portfolio of more than $4 billion in assets.

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