11 MAY 2009

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Article from BTNews 11 MAY 2009

Boeing road show hits town

BOEING’S financial road show came to London last week attracting nearly 150 bankers and leasing experts to a well illustrated production at the Four Seasons Canary Wharf.  Leading the presentation Kostya Zolotusky, Managing Director capital markets development, said he found London in a more dour and pessimistic mood than New York a few days earlier.  He explained the current Boeing product range to a mostly uninformed audience noting that bio-fuels for aircraft was not  far away in a practical sense, and already technically proven.  Unlike the motor car a bio-fuel top-up can mix jet fuel with farm derived productions (no diesel and petrol stickers required).  The target price is USD70 a barrel.  He said that there was great opportunities for the money men at the present time with a buyer’s market.  In an aside he noted that Boeing’s market forecast over the years had been proven dramatically correct, particular its scepticism regarding large aircraft sales. www.boeing/commercial

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