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BOEING, GPA CLARIFY AGREEMENT

 BOEING, GPA CLARIFY AGREEMENT
 SEATTLE, Sept. 18 /PRNewswire/ -- Boeing (NYSE: BA) and GPA today


provided additional details of their agreement-in-principle to defer some jetliner deliveries, and re-emphasized that the value of the leasing company's commitment to Boeing has not changed, Boeing Commercial Airplane Group said.
 The delays tentatively agreed to by Boeing this week, subject to certain other conditions to be fulfilled by GPA, don't affect Boeing's financial backlog and don't affect planned deliveries between now and mid-1994.
 James King, vice chairman of the Ireland-based leasing company, while declining to give a breakdown by model, said the agreed-to delays involve a total of 38 Boeing airplanes. These deliveries are tentatively moved from various years between mid-1994 and 1997 to beyond
1997, but in no case beyond the year 2000. King added that GPA has reserved the right to accelerate these deliveries should market conditions improve.
 The Ireland-based leasing company has outstanding orders with all the major airframe manufacturers and only a portion of its total planned deferrals fall to Boeing.
 The delayed airplanes, the bulk of which were already subject to contract reconfirmation, are among the June 30, 1992, balance of 154 unfilled announced orders that GPA has with Boeing. Those subject to reconfirmation have never been included in the corporate financial backlog, which at the end of June stood at $91.7 billion.
 -0- 9/18/92
 /CONTACT: Kirsti Dunn, 206-237-1713, or Tom Cole, 206-237-5445, both of Boeing Commercial Airplane Group/
 (BA) CO: Boeing Commercial Airplane Group; GPA ST: Washington IN: AIR SU:


JH -- SE004 -- 1189 09/18/92 14:13 EDT
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Date:Sep 18, 1992
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