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Boeing in venture talks
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August 15, 1996: 8:40 a.m. ET
Jet giant and Bombardier reportedly discuss alliance on 100-seat plane
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NEW YORK (CNNfn) -- Boeing Co. is reportedly in discussions with Canada's Bombardier Inc. and Japan's Mitsubishi Heavy Industries Ltd. to develop a new 100-seat jetliner.
The Wall Street Journal said on Thursday that Bombardier, which is already closely aligned with Mitsubishi, invited Boeing to join the talks. An eventual agreement could lead to a new jet that combined elements of each company's flagship aircraft.
The newspaper said the jet would fit with Boeing's popular 737s, with common cockpit designs. The smallest 737s carry between 108 and 132 passengers.
A Boeing spokesman would only say that the Seattle-based company is exploring many opportunities. A Bombardier officials said the company is discussing possible joint projects with Mitsubishi and "other interested parties."
The newspaper speculated that if the three companies do form a joint venture they will face stiff competition from McDonnell Douglas Corp. and other companies. McDonnell Douglas is manufacturing a new MC-95 jet that carries 100 passengers.
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The Boeing Company
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