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SEATTLE (Reuters) - Boeing is expected to hold a news conference today which may signal the start of marketing its 7E7 jetliner, a major step toward a formal launch of its first new aircraft in a decade.
Boeing will build the new mid-sized jet in the Seattle suburb of Everett after mulling several other sites, The Seattle Post-Intelligencer said in its Tuesday edition.
It may also announce a launch order for the 7E7 at the Seattle news conference, possibly from All Nippon Airways Co Ltd 9202.T , the newspaper said, citing unnamed sources. All Nippon Airways was not available for immediate comment in Tokyo.
By giving its Seattle-based jetliner unit permission to book orders for the 7E7, Boeing's board of directors -- who met in Chicago on Sunday and Monday, led by new Chief Executive Harry Stonecipher -- would raise the odds that the 200- to 250-seat jet would be officially launched, with passenger service beginning in 2008.
The 7E7, designed to help cash-strapped airlines save money on fuel and operating costs, could reinvigorate Boeing's sagging jetliner business, but is expected to cost about $10 billion to develop, making it a significant gamble for the Chicago-based manufacturer.
