NEW YORK, Jan 19 (Reuters) - Boeing Co
Boeing, trying to keep pace with European rival Airbus Industrie
The Seattle-based aerospace giant, which is in heated competition with Airbus to sell its jets to commercial carriers and delivery handlers, is studying the design under the code name "Yellowstone," the Journal reported.
The planes, which would look like the Concord supersonicjet, would use three engines to fly up to a speed of Mach .95, or just below the speed of sound, the paper said. That would be faster than Boeing's 747-400 jumbo jet, which travels at speeds of Mach .85, the paper added.
Executives at Boeing said planes similar to the ones reportedly being researched under Yellowstone are being studied but declined to elaborate, the paper said.
Boeing shares closed off $1- at $57- in trading on the New York Stock Exchange, below a 52-week high of $70-15/16 and above a yearly low of $32.
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