BUSINESS BRIEFING
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Boeing Co. said orders for its commercial jets fell 11% in August as weaker demand for air travel forced airlines to scale back plans to buy new planes.
The Chicago-based airplane maker also said deliveries tumbled 22% compared with a year earlier. Still, Boeing says it remains on track to deliver a projected 480 to 485 planes this year, up from 375 in 2008.
Boeing has struggled with lower demand amid the economic slowdown, which has hurt its airline customers. It also has grappled with costly production problems related to its new 787, a lightweight plane built for fuel efficiency.
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