Boeing to file for delisting from TSE.

TOKYO, June 24 Kyodo

U.S. aircraft maker Boeing Co. said Tuesday it will apply to the Tokyo Stock Exchange on July 8 for its stock to be delisted as part of its cost reduction efforts.

Boeing expects its stock to be delisted a month after the application.

The internationalization of stock trading and ample availability of financial information on the Internet have made it unnecessary to remain listed on many stock exchanges, Boeing said.

But the company added that it will keep its stock listed on the New York Stock Exchange, the London Stock Exchange, the Euronext Brussels Stock Exchange, the Swiss Stock Exchange and the Euronext Amsterdam Stock Exchange.