BOEING ORDERS PLUMMET BY 53%

January 9th, 2009

Via: Financial Times:

Boeing said yesterday its net new commercial aircraft orders had fallen by 53 per cent last year to 662, from the record 1,413 achieved in 2007. Boeing had previously achieved three record years with net new orders of 1,044 in 2006 and 1,002 in 2005.

It said yesterday the 2008 orders total was the eighth highest in its history, but demand from airlines around the world is falling fast amid the deepening recession and the credit crunch, and orders are expected to plunge again this year.

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