US-based aircraft maker Boeing will stop production of its 757 model by the end of 2004, sources with Boeing's China company told Xinhua recently.
With good technical support, Boeing will keep its 757 planes to continue operation in the coming years. Over the past 20 years, Boeing delivered more than 1,000 such planes to 55 clients, including China's Shanghai Airlines, which has seven of the aircraft.
Alan Mulally, president and CEO of Boeing Group, said the decision to stop production was made on the market situation. He predicted that in the future, the 737 and 7E7 models will meet the market demand for 757-like planes.
Mulally said the 757 retirement came after great success, adding that the planes will continue to contribute to passenger and cargo transportation.