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 Boeing Board Approves 777X Sales - Report

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PostSubject: Boeing Board Approves 777X Sales - Report   Thu May 02, 2013 6:49 pm

May 1st, 2013

The Boeing board has given its commercial aircraft unit approval to start selling a new version of its long-range 777, the Wall Street Journal reported, citing an unnamed person familiar with the decision.

The approval came at a board meeting in Chicago that coincided with Boeing's annual shareholder meeting on Monday, the Journal said.

Boeing intends the 777X to be an improvement on its existing 777 models for long-haul service.

The decision allows Boeing to begin formally negotiating deals with airlines for the new jet, the newspaper said.

(Reuters)

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