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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 07, 1972
Page
14
Boeing projects 800 Boeing 747s by 1980 while industry demand remains weak. Through 1971 only 210 jets sold. last month World Airways bought three. Analysts note load factors lag, with CAB data showing 34 percent domestic 747 occupancy versus 46 percent for 707s. Boeing argues per-seat costs are favorable, though overall profits are uncertain.
Thomas F. Morrow executive vice president of Lockheed Aircraft Corp announced his resignation effective July 1 for personal reasons. He was elected to the VP post in February 1969 during a management restructure. President A. Carl Kotchian said no successor is planned at this time.
Boeing projects 13 percent growth in North Atlantic routes, 9 percent domestic rise, and 16 percent Pacific traffic jump. With these projections, the company aims to sell 800 747s by 1980. Renvel Declares.
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