The 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.
"Going forward, sales of the airplane will be closely tied to the cargo market," said Tinseth. At the same time, it helped democratize long-haul travel, making it more affordable and accessible for more people.
"There will just be a handful moving forward.
Boeing Co is pulling the plug on its 747 jumbo jet, Bloomberg News reported on Thursday. "At a build rate of 0.5 airplanes per month, the 747-8 program has more than two years of production ahead of it in order to fulfill our current customer commitments,” a Boeing spokesman told Reuters.Boeing 747. Photogallery +8.
The Boeing 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets in today's era. "Most stock quote data provided by BATS.
(https://bloom.bg/38n5A8p)The 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets.Boeing Co is pulling the plug on its 747 jumbo jet, Bloomberg News reported on Thursday.Boeing's 747 plane is enjoying a second life as a cargo mule for companies like United Parcel Service Inc due to a freight market boom fueled by online shopping. Boeing 747 Jumbo Jet Discontinued Silently, Sad Day for Avgeeks and Travellers: Report.
The Boeing 747 is a large, long–range wide-body airliner and cargo aircraft manufactured by Boeing Commercial Airplanes in the United States.
The Boeing 747-400 is a wide-body airliner produced by Boeing Commercial Airplanes, an advanced variant of the initial Boeing 747.The "Advanced Series 300" was announced at the September 1984 Farnborough Airshow, targeting a 10% cost reduction with more efficient engines and 1,000 nmi (1,850 km) more range.
Those aircraft are now in storage and it's not clear where they'll end up.
American carriers who used to operate the Boeing 747 included American Airlines, Delta and United. "This pressure on our commercial customers means they are delaying jet purchases, slowing deliveries, deferring elective maintenance, retiring older aircraft and reducing spend — all of which affects our business and, ultimately, our bottom line."A leading-edge research firm focused on digital transformation.The plane's role in aviation history, though, won't be forgotten.
That airline went bust in October 2015.
Disclaimer. Two of the three planes it had had ordered were built by Boeing but never delivered. The company also said it would push back delivery of its first 777X, to 2022, and look at consolidating production facilities on its 787 program.The wide-body double-decker was the first true "jumbo jet." Many airlines used the planes' upper deck as a bar or lounge for first class passengers, though most eventually shifted towards installing passenger seating on the upper decks."The reality is the pandemic's impact on the aviation sector continues to be severe," CEO Dave Calhoun said in an email to employees.
In the first six months of 2016 it delivered just three 747s compared to nine in 2015. All times are ET. BOEING UPDATE: 747 discontinued, 777X delayed, 737 Max output reduced. Factset: FactSet Research Systems Inc.2019. Boeing will cease production of the 747 in 2022.
July 3, 2020, 3:29 pm explore: Auto . Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. "At a build rate of 0.5 airplanes per month, the 747-8 program has more than two years of production ahead of it in order to fulfill our current customer commitments,” a Boeing spokesman told Reuters.Major U.S. carriers like United Continental Holdings Inc and Delta Air Lines Inc have already said goodbye to the 747.Like us on Facebook to see similar stories"We will continue to make the right decisions to keep the production line healthy and meet customer needs."
The Southern California factory that has churned out fuselages for every Boeing Co. 747 jumbo jetliner is being sold for parts, potentially hastening the demise of the iconic aircraft.
Boeing said it would slash production rates on its commercial assembly lines to match lowered demand, and warned of more layoffs.
The Boeing 747-400 is a wide-body airliner produced by Boeing Commercial Airplanes, an advanced variant of the initial Boeing 747.The "Advanced Series 300" was announced at the September 1984 Farnborough Airshow, targeting a 10% cost reduction with more efficient engines and 1,000 nmi (1,850 km) more range. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates.The airliner, which extends 250-feet and 2-inches long, will be delivered to Korean Air Lines in the coming weeks. "We will continue to make the right decisions to keep the production line healthy and meet customer needs."