WOW! Kind of out of left field!
Boeing Could Offer 'All-New' 777 Jet Within 4 Yrs Of A350-Report
May 14, 2009 16:09:10 (ET)
By Ann Keeton Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Boeing Co. (BA) could replace its 777 aircraft within four years of Airbus delivering its first rival A350, according to a report published Thursday.
Kostya Zolotusky, managing director of capital markets development, said an all-new 777 replacement could be ready within three to four years of the A350's expected arrival in 2013, according to Flightglobal, an industry publication.
The U.S. company's pledge highlights the importance of the 777 to its profitability at a time when technical and financial resources are being stretched by delays to two other new aircraft programs.
The A350, which is also delayed, is viewed as a more of a competitor to the yet-to-fly Boeing 787 aircraft.
Zolotusky reportedly described a 777 replacement as "overwhelmingly superior" to the A350, claiming that the rival aircraft would not include "leapfrog technology."
With the 787 running two years late and a revamped 747 also delayed, Boeing has said its next move would be to replace the 777 with a new aircraft.
However, the company has said that it was waiting for significant improvements in engine technology before going to the drawing table. Boeing and Airbus have used similar arguments in pushing back a replacement for their single-aisle aircraft until the end of the next decade or beyond.
"There are a lot of things we can do with the current 777, like a new wing, engines and so on" to trump the Airbus A350, Zolotusky told Flightglobal.
Boeing expects a first flight for the 787 late in the second quarter of this year.
-By Ann Keeton, Dow Jones Newswires; 312-750-4120; ann.keeton@dowjones.com
(END) Dow Jones Newswires
May 14, 2009 16:09 ET (20:09 GMT)
