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Page added on July 30, 2008

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Boeing executive: Oil prices demand jet efficiency

Soaring oil prices are likely to crimp the need for regional jets and force bigger aircraft to grow more fuel-efficient, a senior Boeing executive said Wednesday.

Randy Tinseth, Boeing Co. marketing vice president, said oil prices are likely to remain high and won’t stabilize for some time. As a result, the market for regional jets seating 50 passengers is disappearing and being replaced by demand for aircraft seating more people, he said at Boeing’s Tokyo office.

Tinseth said Boeing’s planned 747-8, set for first delivery in late 2009, which seats 467, is among the more attractive offerings for larger jets because of its fuel-efficiency against comparable aircraft.

AP



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