Boeing CEO: 777X assembly site to be chosen within 3 months

Boeing CEO: 777X assembly site to be chosen within 3 months
Boeing Photo of 777X plane

Boeing will move swiftly to locate its 777X assembly line, the company's chief executive is saying.

Jim McNerney tells Bloomberg News the company will make the decision within 3 months.

Boeing announced it would look for alternatives outside Puget Sound, after International Association of Machinists members rejected an 8 year contract extension that would have kept the project in Everett.

If orders announced at this weekend's Dubai Air Show are any indication, the 777X is already a wild success.

"Response has been quite frankly overwhelming," McNerney said as the show came to a close. "We have secured launch commitments for 259 airplanes from four of the world's most highly respected airlines."

The orders worth nearly $100 Billion came from Qatar Air, Emirates Airline, Etihad Airways, and Lufthansa.

The orders make the 777X pre-sale "the largest product launch in commercial jetliner history," McNerney said.

As for where the new plane will be assembled, McNerney told Bloomberg News "We have a number of alternatives. We are going through an evaluation right now."

The company has a self-imposed deadline to deliver the plane by 2020. Machinists may have made it tougher for Boeing to meet that deadline when they rejected the contract extension.