B757300 From United States of America, joined Dec 2000, 4114 posts, RR: 20 Posted (12 years 5 months 1 week 6 days 22 hours ago) and read 4563 times:
Boeing 7E7 News Conference Set in Seattle
By Chris Stetkiewicz
SEATTLE (Reuters) - Boeing Co. (NYSE:BA - news) scheduled a news conference for Tuesday where it was expected to announce the official marketing of its 7E7 jetliner, a major step toward a formal launch of its first new aircraft in a decade.
Boeing Commercial Airplanes Chief Executive Alan Mulally will address the 7E7 "Dreamliner" team and then hold a news conference in downtown Seattle at 6 p.m. EST (2300 GMT).
The official news has been expected for several weeks, particularly in recent days following a meeting of the Chicago-based company's board of directors last weekend.
Shares of Boeing rose 1 percent
Boeing will build the new mid-sized jet in the Seattle suburb of Everett after mulling several other sites, The Seattle Post-Intelligencer said in its Tuesday edition.
It may also announce a launch order for the 7E7 at the Seattle news conference, possibly from Japan's All Nippon Airways Co Ltd (9202.T), the newspaper said, citing unnamed sources.
BCAInfoSys From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 5 months 1 week 6 days 17 hours ago) and read 4027 times:
This is consistent with what I have been hearing from around the office. A close friend of mine is the Communications manager for the BCA VP of InfoSystems, Dave Fennell. He was in an all-managers meeting today concerning this. And although I can't state anything officially, I can tell you that he did prepare some internal and external statements for Fennell on this matter, so I expect that we should be getting positive news here shortly.
Hooray for the 7E7! It's about time!
P.S. I have the TV on and I'm in touch with several friends of mine in the office; once this breaks, I will be able to post all of the details. I'll keep ya'll posted...
Paddy From Taiwan, joined Jul 2003, 390 posts, RR: 0
Reply 7, posted (12 years 5 months 1 week 6 days 17 hours ago) and read 3895 times:
I'm trying Northwest Cable News first. All the Seattle based news agencies are obsessed with the 7E7, especially the site selection process so I think NWCN is a good bet if you live here in the pac nw. Other than that, yeah, a station like CNN or MSNBC would be a reasonable assumption(if they aren't still obsessed with the capture of Saddam Hussein).
Brons2 From United States of America, joined Sep 2001, 3035 posts, RR: 4
Reply 10, posted (12 years 5 months 1 week 6 days 17 hours ago) and read 3821 times:
Apparently the press conference will be anti-climactic, because I already got a press release from Boeing about it.
Boeing 7E7 Dreamliner Approved for Offer to Airlines
Significant customer interest expressed in innovative new airplane
Everett, Wash., selected as final assembly site
SEATTLE, Dec. 16, 2003 -- The Boeing [NYSE: BA] Board of Directors has given the company's Commercial Airplanes unit the go-ahead to begin offering for sale the new 7E7 Dreamliner passenger airplane.
Boeing can now make sales proposals to airlines around the world. The company expects those sales proposals to result in firm customer commitments and a production go-ahead, or formal launch, in 2004.
"The board's decision validates the 7E7's compelling business case and the tremendous customer interest in this airplane," Boeing President and Chief Executive Officer Harry Stonecipher told more than 3,000 7E7 team members gathered today at Seattle's Washington State Convention and Trade Center. "The 7E7 is a game changer and we're anxious to begin offering it to our airline customers."
Boeing Commercial Airplanes President and Chief Executive Officer Alan Mulally, and 7E7 Senior Vice President Mike Bair presented the 7E7 business case to the board of directors at a meeting in Chicago yesterday.
"Savor this moment," Mulally told the 7E7 team. "This is a great way to start the second century of powered flight. It demonstrates our commitment to our customers, our employees and our industry, and it will ensure that Boeing continues its leadership in commercial aviation."
Tomorrow is the 100th anniversary of the Wright Brothers flight that made modern aviation possible.
Boeing today also announced that Everett, Wash., has been selected as the final assembly location for the 7E7, following a six-month evaluation of proposals from sites across the United States.
Boeing and McCallum Sweeney Consulting, Inc. evaluated the proposals against criteria designed to find the final-assembly location that would best support the 7E7 business plan.
"We are excited to continue our partnership with the state of Washington and the city of Everett on the 7E7," said Bair. "Many states submitted extremely competitive proposals and many factors weighed into the decision. But it's clear that the best overall solution for Boeing and the 7E7 is to place final assembly in Everett."
Boeing announced last month that the 7E7 program management and design integration teams will also be based in Everett. The company expects to announce airplane systems and engine partners for the 7E7 in 2004.
Boeing has been working with more than 50 airlines around the world to define the requirements for the 7E7. The 7E7 family of airplanes will carry 200 to 250 passengers on flights up to 8,300 nautical miles. Three models of the airplane are in development, including a short-range version for flights of 3,500 nautical miles with 300 passengers in two-class seating. The 7E7 will be more efficient, quieter and have lower emissions than other airplanes while offering passengers greater comfort and the convenience of direct, non-stop flights between more cities around the world.
"The 7E7 is all about taking passengers where they want to go, when they want to go there more comfortably and affordably than ever before," said Mulally. "At the same time, it will provide airlines with unprecedented operating economics and efficiencies. This airplane will allow us to continue to set the standard for commercial aviation in the second century of flight."
Boeing forecasts a need for between 2,000 and 3,000 airplanes in the 7E7's market segment over the next 20 years.
Contacts: Yvonne Leach (206) 854-5027
Mary Hanson (206) 898-4749
Firings, if well done, are good for employee morale.