Losses: Boeing's first quarter results, due out next week, could see the company drop into the red as it takes a $1.2 billion charge against its pre-tax profits. Of that, $931 million represents a fall in the value of companies bought by Boeing in the commercial aircraft and space sectors since 1996, Boeing says. Acquisitions included Hughes Electronics, McDonnell Douglas and Rockwell International. The rest of the charge will go mainly to the Boeing Capital leasing operation, to reinforce its balance sheet as commercial aircraft values continue to fall and the risk of customer bankruptcy grows.
Source: Flight International