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Article: Boeing sees spurt in 747 demand.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- August 18, 2005
CopyrightCOPYRIGHT 2005 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Michael Oneal
Aug. 18--For many observers of the intercontinental dog fight between Chicago-based Boeing Co. and Europe's Airbus SAS, it has long been taken for granted that Boeing's 747 is all but dead.
Apparently nobody told United Parcel Service Inc.
On Wednesday, UPS gave the iconic humpbacked jumbo jet a new lease on life when it ordered eight cargo versions of the 747-400, worth $1.8 billion at list prices.
That order -- and a surprising streak of 13 others so far this year -- may provide a crucial boost to the program at a time when Boeing is analyzing whether to invest in a new version of the 747 or let it die a natural ...