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Sun, Mar 07, 2004

Aero-News Quote Of The Day (03.07.04)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"When people stop buying them (717s), we will shut it down. There are ongoing campaigns. If those are successful, it will continue on. I'm not trying to be flip or glib about it at all."

Source: Boeing CEO Harry Stonecipher, speaking in January about the troubled 717 production line. Orders for Boeing's smallest commercial offering are down and now the company wants to take a $400 million charge-off for marketing efforts that appear to be making little headway. The charge-off could mean the beginning of the end of the aircraft line, which is based in Long Beach (CA) and could mean pink slips for many of the company's 14,000 workers there.

FMI: www.boeing.com

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