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Boeing may end production of its iconic 747 aircraft after nearly 50 years

Boeing

For decades it was the largest passenger aircraft in the skies, earning it the affectionate nickname of the Jumbo Jet.
But the Boeing 747 could soon be consigned to history after the aircraft manufacturer said it could end production of the aircraft due to diminishing orders.

The company revealed production of the iconic passenger jet, which has a distinctive hump in the forward part of the aircraft to accommodate the upper deck, has slumped in 2016.

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Figures revealed by Boeing showed it had delivered just three 747 in the first six months of 2016 compared to nine of the passenger jets in the same period the previous year.
The company has now cancelled plans to increase production of 747s to one plane per month from 2019 and will be halving its production rate in September.
According to Reuters, Boeing said on Wednesday: ‘If we are unable to obtain sufficient orders and/or market, production and other risks cannot be mitigated, we could record additional losses that may be material, and it is reasonably possible that we could decide to end production of the 747.’
In the first six months of 2016, Boeing produced a total of 375 aircraft, down only slightly from 2015 where it delivered 381. Delivers of its 787 aircraft increased from 64 to 68.

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He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

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