Boeing sees no respite until 2005

Chief Financial Officer of Boeing Co, Mike Sears said he believes the civil aviation sector will remain depressed until 2005.

Sears said in an interview with the French financial daily Les Echos, that the US planemaker expects no significant upturn in orders over the coming 15 months.

He said that deliveries for 2004 should be in line with the 275-285 units Boeing expects to move in the current year.