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Boeing not as optimistic as IATA

8-Jun-2010 1:00 PM

Boeing Commercial Airplanes CEO, Jim Albaugh, stated he is “not quite as optimistic” as IATA about the prospects for airline recovery and does not expect a major return in widebody ordering until 2012 (Reuters, 08-Jun-2010). The manufacturer confirmed it is in discussions with a number of carriers for B787 and B777 orders. A decision on a whether the manufacturer will develop a larger B787 or a modified B777, potentially with a new wing, is expected to be announced in late 2010 or early 2011. A decision on new engines for the B737 is “several months away”.

Boeing Commercial Airplanes: "I hope IATA is right but I am not quite as optimistic. I continue to see airlines returning to profitability in 2011, and 2012 will be the year we see them really stepping up to wide-body orders," Jim Albaugh, CEO. Source: Reuters, 07-Jun-2010.