You are here

Boeing cuts 747 production again as jumbo-jet demand shrinks

New rate of 1.5 planes a month is a 14% drop from cut announced in April

Looking up: A visitor taking a picture of a miniature plane at Aviation Expo China 2013 recently. Boeing expects a rebound in the cargo market, which may spark interest in a freighter version of the 747-8. - PHOTO: REUTERS

[CHICAGO] Boeing Co is slowing the production tempo for its 747-8 jumbo jet, the planemaker's biggest model ever, for the second time this year as demand continues to dwindle for four-engine aircraft. The new rate will be 1.5 planes a month, a 14 per cent drop from the cut announced in April, a