Boeing is reportedly ending manufacturing of its 747 jumbo jet

If it wasn’t already apparent that the era of ‘massive’ flying is ending, it will perhaps presumably presumably be quickly. Bloomberg sources allege Boeing is ending manufacturing of its iconic 747 jumbo jet (specifically, the 747-8) in about two years. A spokesperson for the aircraft maker didn’t confirm or direct the shutdown, announcing there bear been “more than two years” of manufacturing left to meet orders. On the different hand, Bloomberg pointed to indicators of a firm discontinuance in “subtle wording adjustments” for financial statements.

Whereas there’s no claimed reason of the coast, it’s no secret that Boeing faced both a adversarial market and its occupy troubles. Even prior to the pandemic, the air shuttle exchange had shifted towards smaller, more gasoline-efficient twin-engine jets admire the 787 Dreamliner. The 15 closing unfulfilled 747 orders are all destined for freighter use, with 12 of them headed to UPS. The 747-8 was once additionally unhurried and over funds, and is believed to bear been a cash-loser since 2016. The closing passenger order was once for Air Force One in 2017.