August 6, 2010

Ouch - tough day to be a Boeing stockholder

From Bloomberg:
Boeing Loses Orders for 26 Jets Worth $5.82 Billion
Boeing Co., the world’s second- biggest commercial-jet builder, said orders were canceled in the past week for 26 jets valued at $5.82 billion at average list prices.

Boeing, based in Chicago, didn’t identify the customers who dropped orders for 15 787 Dreamliners, 10 777s and one 737, listed in today’s weekly update of its website. A company spokesman, Jim Proulx, declined to comment.
The economy is hurting everyone, not just our friends and neighbors. That deferred trip, the item ordered locally instead of shipped in from far away. This all affects airplane use and how many replacement planes are needed... Posted by DaveH at August 6, 2010 7:19 PM | TrackBack
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