The Boeing Company [NYSE: BA] this week announced that it is extending a price freeze on its catalog of commercial airplane spare parts in order to assist its commercial airlines customers during an industry-wide downturn.
The Commercial Spare Parts Catalog is a listing of parts, produced by both Boeing and Boeing suppliers, which are commonly used in large quantities for aircraft maintenance and repair.
Prices for parts previously listed in the catalog will continue to be held to 2001 price levels. Parts added to the 2003 Commercial Spare Parts Catalog will be held at prices in effect Oct. 1, 2002. Boeing did not issue a 2002 catalog, opting instead to extend its 2001 catalog through the end of this year. 2003 Catalog prices will take effect on Jan. 1, 2003 and remain in effect until Dec. 31, 2003.
"As an industry partner, Boeing is committed to helping our airline customers through these challenging times," said Mark Owen, vice president of Spares for Commercial Aviation Services. "By holding prices, we can continue to provide spare parts at prices that offer value to our customers."
Boeing is adding parts to the catalog that have shown high demand and removing those that had low demand. Boeing also will eliminate its $25 line item minimum, effective Jan. 1, 2003.
To further reduce costs for its customers, Boeing will discontinue general printing of the paper catalog and offer several other options. Customers can either download the catalog from the Boeing Web or receive a copy in either diskette or CD-ROM format.
Boeing, which has eight distribution centers located throughout the world, processes about 1.8 million shipments of spare parts annually.
Commercial Aviation Services, a business unit of Boeing Commercial Airplanes, provides global air transport solutions including renowned customer support, integrated and digitally based information services, planning regimes for flight operations and maintenance operations, airplane modifications and technical services.