The Plane Truth: Business Is Booming

Jan. 13, 2005
The world's biggest aircraft and engine manufacturers are filling their order books, despite the continuing economic crises in Asia and Russia. The recent Farnborough (England) Air Show, a major marketing and sales event, proved particularly successful ...

The world's biggest aircraft and engine manufacturers are filling their order books, despite the continuing economic crises in Asia and Russia. The recent Farnborough (England) Air Show, a major marketing and sales event, proved particularly successful for Boeing Co., Airbus Industrie, Rolls-Royce PLC, General Electric Co., and Embraer Empresa Brasileira de Aeronautica SA. It also featured a flash of executive candor from Boeing President and COO Harry Stonecipher. Boeing has been battling production problems for a year, and Stonecipher said delivery schedules had slipped because the company has been "too arrogant, too inattentive and too self-satisfied."

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