|
Boeing
today announced that it has decided to complete production of the 757 jetliner in late
2004.
“This decision reflects the market reality for the 757 as well as the growth in
range and seating capacity of our market-leading Next-Generation 737 family,”
said Boeing Commercial Airplanes President and Chief Executive Officer Alan
Mulally. “Over the long term, the increased capabilities of our newest 737s and
the exciting potential of the 7E7 will fulfill the market served by the 757.”
Consistent with prior disclosed estimates, Boeing will recognize a pre-tax
charge in the third quarter of $184 million, or 14 cents per share, principally
related to termination and shutdown costs at Boeing Commercial Airplanes.
Most of the cash expenditures related to the charge will occur through 2005.
Over the past two decades, more than 1,000 757s have been delivered to 55
customers around the world. The worldwide fleet of 757s will continue to
benefit from fleet support provided by Boeing Commercial Airplanes.
"Thousands of people around the world are to be thanked for making the 757
a success story in aviation over the past 20 years. It will continue to provide
great value to the world’s passenger airlines and cargo operators in service
for many years to come,” Mulally said. |
