Boeing is reportedly ending production of its 747 jumbo jet – 247 City News
Tue. Oct 20th, 2020

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Boeing is reportedly ending production of its 747 jumbo jet

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A Lufthansa Boeing 747-8 with the additional name "Lufthansa Siegerflieger" (lit. "Lufthansa Victor's plane") takes off at the airport in Frankfurt am Main, Germany, 4 December 2017. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)

If it wasn’t already apparent that the era of ‘big’ flying is ending, it might be soon. Bloomberg sources say Boeing is ending production of its iconic 747 jumbo jet (specifically, the 747-8) in about two years. A spokesperson for the aircraft maker didn’t confirm or deny the shutdown, saying there were “more than two years” of production left to fulfill orders. However, Bloomberg pointed to signs of a firm stop in “subtle wording changes” for financial statements.

While there’s no claimed explanation for the move, it’s no secret that Boeing faced both a hostile market and its own troubles. Even before the pandemic, the air travel industry had shifted toward smaller, more fuel-efficient twin-engine jets like the 787 Dreamliner. The 15 remaining unfulfilled 747 orders are all destined for freighter use, with 12 of them headed to UPS. The 747-8 was also late and over budget, and is believed to have been a money-loser since 2016. The last passenger order was for Air Force One in 2017.

Even so, an end to 747 manufacturing would close a major chapter in aviation history. The 747 has been in service for over 50 years, entering service with PanAm in January 1970. It was one of the most popular wide-body jets with about 1,571 orders, and its distinct upper-deck hump made it instantly recognizable among travellers. The 747 will continue to fly for a while yet, but its time is clearly coming to an end.

 

Source: ENGADGET

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