Boeing loses orders worth $1.8bn

Boeing said yesterday that it lost five orders for its 747 jumbo jet worth about $1.8bn (£1.2bn) at list prices and gained one order for its 777 wide-body plane in the latest week. The changes bring to 255 the total number of net new orders logged so far this year, most of them for the popular 737 model. The 777 buyer was not identified. Boeing recently said it would slow production of 747s in response to weakening demand for the jet