Economy

xchrom

(108,903 posts)

32. FROM THE START, DREAMLINER JET PROGRAM WAS RUSHED

Fri Jan 25, 2013, 11:13 AM

Jan 2013

http://hosted.ap.org/dynamic/stories/A/AP_US_DREAMLINER_DIFFICULTIES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-01-25-03-32-34

NEW YORK (AP) -- The 787 Dreamliner was born in a moment of desperation.

It was 2003 and Boeing - the company that defined modern air travel - had just lost its title as the world's largest plane manufacturer to European rival Airbus. Its CEO had resigned in a defense-contract scandal. And its stock had plunged to the lowest price in a decade.

Two years after the 9/11 terrorist attacks, financially troubled airlines were reluctant to buy new planes. Boeing needed something revolutionary to win back customers.

Salvation had a code name: Yellowstone.

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