Last fall, Boeing (NYSE: BA) seemed to be seriously considering restarting production of the 767-300ER medium-range widebody. While the 767’s technology is nearly half a century old, it’s a proven model with low production costs and no direct competition.
U.S. airline giant United Continental (NYSE: UAL) was interested in placing a large order, according to The Wall Street Journal and other sources. However, a prominent Boeing executive recently slammed the door on the prospect of building more 767 passenger jets. This may indicate growing confidence that Boeing will be able to launch a new “middle-of-the-market” 797 jet later this year.
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