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AIRSHOW-UPDATE 1-Boeing sees global economy growing in '10

Wed Jun 17, 2009 11:20pm IST
 
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* Global economic growth seen for 2010

* 100 plane deferrals so far this year

* Mulls plane to compete with Airbus A350 (Adds executive comment, weighs ways to compete with Airbus A350, background)

By Karen Jacobs

PARIS, June 17 (Reuters) - Boeing Co (BA.N: Quote, Profile, Research) is looking for the global economy to grow 1.5 percent next year, the marketing chief of its commercial plane division said on Wednesday.

"We expect to approach more typical long-term growth rates in 2011," Randy Tinseth told Reuters at the Paris Air Show.

This week, Boeing said it expected recovery in its industry around the middle of next year. It also has forecast that growth could start in air travel in 2010, probably in the range of about 3 percent, Tinseth said.

Airlines have taken a number of moves, including cutting seat capacity and putting off airplane deliveries, in a bid to cope with weak demand. Tinseth said that Boeing has had about 100 plane deferrals so far this year, compared with about 100 deferrals in all of 2008.

Tinseth also said Boeing was mulling options including a new airplane to better compete with the A350 plane made by rival Airbus, a unit of EADS (EAD.PA: Quote, Profile, Research). (Editing by Phil Berlowitz)

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