LOS ANGELES Boeing Co. will reduce the monthly build
rate of its 747-8 program at its Everett, Wash., facility to
1.5 planes from 1.75 planes through 2015 due to lower market
demand for large passenger and freight aircraft, the company
This production adjustment better aligns us with
near-term demand while stabilizing our production flow
and positions the program for an eventual market recovery, Eric
Lindblad, vice president and general manager of the 747
program, said in a statement.
Chicago-based Boeing has booked 107 orders for the
twin-aisle passenger and cargo versions of the 747-8 and has
The four-engine 747 is the worlds first wide-body
airliner, entering service in 1970. But newer, twin-engine wide
bodies that are reported to use less fuel have gained
popularity. These include two Boeing twin-aisle aircraft: the
777, whose rate this year was increased to 8.3 planes per
month, or 100 per year; and the 787 Dreamliner, which reached a
rate of seven per month earlier this year and is slated to
achieve 10 per month by the end of 2013 or early next year.
Boeing expects growth in the air cargo market to begin to
return in 2014, and forecasts global demand for 760 large
airplanes such as the 747-8 over the next 20 years, which it
values at $280 billion.