Boeing Looking Closely At 747 Advanced

Boeing may be about to launch a new, larger version of its wildly successful 747 jumbo jet, sources say. A Boeing official recently confirmed rumors that the company was preparing to make a statement concerning the aircraft.

In other Boeing news, the recent strike of machinists at Boeing has ended as the company's latest offer to their union was accepted by the rank-and-file upon recommendation of their leadership.

Further, adding to a string of successes with some of its newest aircraft, the company recently received an order for an additional 777 from Austrian Airlines.

(Excerpt from Boeing press release; responsibility for accuracy is in originator of release)

SEATTLE, Oct. 6, 2005 -- Austrian Airlines has signed an order for the purchase of one Boeing 777-200ER, taking a significant step toward simplifying the operations and reducing the maintenance costs of its long-haul fleet. Austrian Airlines already operates three 777s on routes to Melbourne via Singapore and Sydney via Kuala Lumpur. Its fourth 777 will be used primarily for flights to the U.S. and Asia. The airplane is valued at $181 million at list prices and is currently scheduled for delivery in late 2006. The agreement includes the cancellation of a previous order by Austrian Airlines for a 737. "The 777 has proven to be a most economical and reliable aircraft and one that is well liked by our passengers," said Austrian Airlines Chief Financial Officer Thomas Kleibl. "Standardizing with the 777-200ER will deliver immediate economic and operational benefits and help keep our fleet amongst the youngest in the world."