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Flyklapper
![]() Join Date: Sep 2004
Location: KGRD
Posts: 58,579
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Although The Boeing Co. has a record backlog of orders and had been raising production rates to get more planes to customers, the global financial crisis and credit crunch will result in many of those orders being canceled or deferred, a Wall Street analyst said Friday.
"We believe that the inability to obtain financing will cause customers to defer or cancel orders," Goldman Sachs analyst Richard Safran wrote in a note to clients. "As a result, we believe (Boeing) will lower production rates." http://seattlepi.nwsource.com/busine..._boeing11.html |
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