The word Boeing brings to our mind an image of an aircraft. Aviation pioneer William Edward Boeing established Pacific Aero Products Co. in 1916 to manufacture aeroplanes. The company was renamed Boeing a short while after the designing of Model C, their first airplane.
Boeing started with making planes for military and transportation purposes. Though it dominated the market in the 1920s, the company had a strong rival from the start of the 1930s- McDonnell Douglas Corporation. Boeing came out with some of its best models to compete with Douglas. The company later purchased Douglas in 1997.
By the end of the 20th century, Boeing produced most of the world’s best sellers till date. Its first wide-body jetliner Boeing 747, capable of carrying 490 passengers held a capacity record for 37 years and over 1,500 such planes were sold.
Things weren’t always easy for Boeing. The company was nearly bankrupt in the 1970s, but regained sound financial status by the 90s.
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