We profoundly regret that these actions will impact the lives of so many of our highly valued employees. However it is critical that we take these necessary steps now to size the Commercial Airplanes business to support the difficult and uncertain environment faced by our airline customers.

Orders will be only 30 to 40 percent of last year's (level), and we see them leveling out next year but are cautiously optimistic that they will come back in 2001.

The total cost to Boeing is similar to the previous contract offer and meets our definition of a reasonable settlement.

It also supports our plan for making continued quality and productivity improvements, which is the key to being competitive and winning new business.

Who's got the power? We've got the power. Union power.

We think it reflects a very fair and very competitive contract offer going forward.

Nobody can guarantee jobs and security in a market based economy.

Our relationship with Qantas dates to the very start of the jet age, and we're thrilled to see that relationship continue with the 787.

We have always wanted to design in composites.

The interest for the airplane is phenomenal.

The employees of Boeing are wise, and they are intelligent, and they are thoughtful, and they know what we need to do.