Two years later, Ford hired the CEO of Boeing Commercial Airplanes as its own CEO.
In 1998 be became president of Boeing Commercial Airplanes and assumed the CEO duties of that unit in 2001.
Mulally, previously executive vice president of Boeing and president and CEO of Boeing Commercial Airplanes, has also been named president at Ford.
"It's a growing market, " Dinesh Keskar, senior vice president of sales for Boeing Commercial Airplanes, said in a statement ahead of a press conference.
WSJ: Boeing Expects India to Buy Military Products Worth $31 Billion
Several years ago, Boeing Commercial Airplanes revisited how it handled pricing.
It left Tokyo's Haneda Airport on Sunday morning with a team of All Nippon engineers, that airline's chairman, Shinichiro Ito, and Boeing Commercial Airplanes CEO Ray Conner.
It left Tokyo's Haneda Airport on a sunny Sunday morning with a team of All Nippon engineers, that airline's chairman, Shinichiro Ito, and Boeing Commercial Airplanes CEO Ray Conner.
"United and Boeing share a rich history together and we are delighted United has chosen the 737 for its future fleet, renewing our partnership for decades to come, " said Ray Conner, chief executive of Boeing Commercial Airplanes.
Boeing Commercial Airplanes President and CEO Ray Conner said in a statement that the company was pleased with the engineers' vote but "deeply disappointed" in the technical workers' rejection of what he called the company's "best and final" offer.
"We're always working to ensure that our products offer the airlines of the world the most modern and robust technologies available to provide their passengers with an exceptional flying experience, " said Mike Sinnett, senior chief engineer of Airplane Systems for Boeing Commercial Airplanes.
Ray Conner, the head of Boeing's commercial airplanes unit, said Friday that Boeing is convinced about the aircraft's safety, and that the airlines that have bought the plane are also confident in its safety.
Mulally, 61, was widely praised for being a key architect of the resurgence of Boeing's commercial airplanes unit over the past couple of years.
Mr. Mulally, then head of Boeing's commercial airplanes operation, had to persuade CEO Harry Stonecipher and others to pursue a costly, all new aircraft.
He oversaw the plane's conception and early development as head of Boeing's commercial airplanes division before departing to become head of Ford Motor Co.
Boeing's head of commercial airplanes Ray Conner said at a joint news conference with Ryanair on Tuesday that the problems with the 787s had not affected orders.
Demand for commercial airplanes is red hot, and Boeing has been right there to capitalize on it, as can be seen in its second quarter earnings, released Wednesday before the bell.
FORBES: Boeing Looks Good: Sales Taking Off, Outlook Raised, Dreamliner On Deck
With 52.8% of the stock price originating from Commercial Airplanes, the forecast is good news for Boeing and Boeing investors.
Boeing raises its full-year profit forecast this morning, saying it expects deliveries of commercial airplanes to grow.
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