Boeing Buckles Up for Takeoff

Its thrifty new jets may be just what hard-pressed airlines need

If the people of Seattle have some of the best-educated cab drivers in the world, they owe it all to the Boeing Co. During the past two years, caught by the worst downturn in U.S. airline history (estimated 1982 industry losses: $500 million), the giant plane builder has reduced its work force by 14,000 as its production of new commercial aircraft dropped to half of its capacity. But now, thanks to some sharp maneuvering, Boeing's prospects are looking brighter. In the past six months, the company's stock has shot up from...

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