Loading
21-Oct-2013 10:37 AM

Boeing announces another cut to 747-8 production rate

Boeing announced (18-Oct-2013) it has reduced the production rate of the 747-8 from 1.75 aircraft to 1.5 per month due to lower market demand for large passenger and freighter aircraft. Boeing stated the production adjustment better aligns it with near-term demand while stabilising the production flow and “better positions the programme to offer the 747-8′s compelling economics and performance when the market recovers.” Boeing stated small adjustment to the production rate, “doesn’t change our confidence in the 747-8 or our commitment” to the 747-8 programme. The company forecasts demand for 760 large aircraft such as the 747-8 over the next 20 years. Boeing expects the air cargo market will begin to return to its long-term average growth rates during 2014. Boeing has delivered 56 747-8s, and has a firm order backlog for 51 aircraft, covering both passenger and cargo versions. Boeing cut production from 12 per month to 1.75 per month in Apr-2013. The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact. [more - original PR]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More