Boeing Co. and suppliers set the final quantity of components it could want for the 747 jumbo jet program no less than a 12 months in the past, signalling the tip for a aircraft that democratised international air journey within the 1970s however fell behind fashionable twin-engine plane, trade sources stated.
Boeing’s “Queen of the Skies”, the world’s most simply recognised jetliner with its humped fuselage and 4 engines, marked its 50-year flying anniversary in February 2019, clinging to life because of a cargo market growth fuelled by on-line purchasing.
But the tip for the programne has been hanging within the air for years amid falling orders and pricing strain. The COVID-19 pandemic has additionally crushed journey and demand for new jets.
The final order for a passenger model got here in 2017, when the U.S. authorities requested Boeing to repurpose two 747-Eight jetliners for use as Air Force One, ie plane that carry the U.S. president. Boeing declined to verify that it was pulling the plug on the 747.
“At a build rate of 0.5 airplanes per month, the programme has more than two years of production ahead,” a Boeing spokesman stated.