Tuesday, 26 June 2007

Boeing hikes plane prices

Boeing Co has raised list prices about 5.5 per cent for all of its airplanes, including the 787 Dreamliner set to debut next month, to keep up with the costs of labor and materials.

"The price increase is generally consistent with the inflation rate for manufactured goods," according to Jim Condelles, a Boeing spokesman.

He said rising labor costs were a bigger factor in the price hike than the cost of raw materials, though both played a part in the company's calculations.

Condelles said that the company generally raises list prices each year to keep up with costs.

As of last Thursday, a new 787 could cost anywhere from $146 million to $200 million, around six per cent higher than 2006 list prices, which ranged from $138 million to $188 million, depending on the model.

Prices for Boeing 737s, which have racked up more than 7,000 orders over more than 40 years on the market, jumped to a range of $50 million to $85 million, from a range of $47 million to $80.5 million in 2006.

Boeing's list prices, based on different configurations for each type of aircraft, are considered the starting point for negotiations with airlines.

The aircraft maker is on track to roll out its first 787 by July 8. Test flights are slated to begin around the end of August.

The company is set to deliver the first plane for commercial service to All Nippon Airways Co next May. Boeing has taken 634 orders for the 787.

Sania to begin Wimbledon campaign

Sania Mirza will begin her 2007 Wimbledon campaign on Tuesday, she has never advanced beyond the second round at the All England Lawn Tennis Club.

The Hyderabad hurricane has not had a very successful run off late. After her return from a two-month injury lay-off, Sania has struggled to find form in her singles game.

Though Sania has climbed the WTA rankings since then and is now ranked 44th in the world.

Sania takes on Yaroslava Shevdova of Russia in the first round later in day