Boeing's deliveries lowest in 5 years, but meets lowered goal

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Boeing's deliveries lowest in 5 years, but meets lowered goal

CHICAGO (AP) =97 Boeing (BA) said Monday it delivered 381 commercial=20
airplanes in 2002 =97 the fewest in five years but on target with its=
 lowered=20
estimate in the depressed aviation industry.  The company said it delivered=
=20
86 planes in the fourth quarter to finish the year with one more delivery=20
than its latest announced objective of 380.  The year's total was down 28%=
=20
from 527 deliveries in 2001, when the full impact of the Sept. 11 attacks=20
wasn't yet evident. With airlines mired in their worst-ever slump=20
throughout 2002, it was the fewest since 1997 when Boeing delivered 375=20
jets.  Boeing has said it expects 2003 deliveries to fall to between 275=20
and 285 =97 a decline likely to hand its title as world's largest commercial=
=20
jet manufacturer to rival Airbus.  Airbus also appears to have eclipsed=20
Boeing in the 2002 orders race, booking deals for more than 300 new=20
aircraft compared to 221 for Boeing through Dec. 17.  Boeing plans to=20
announce later Monday its full-year orders totals for 2002, which will is=20
likely to be its worst showing since 1994, when it tallied orders for 125=20
aircraft.  Nearly 60% of the commercial airplanes it delivered in 2002, or=
=20
a total of 223, were of its single-aisle 737. Boeing also delivered 47 of=20
its twin-aisle 777s, and 35 767s, 29 757s, 27 747s and 20 717s.

Contributing: Reuters


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