The jumbo jet is officially going extinct
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Boeing might stop producing its iconic 747 aircraft.
“If we are unable to obtain sufficient orders and/or market, production and other risks cannot be mitigated, we could record additional losses that may be material, and it is reasonably possible that we could decide to end production of the 747,” Boeing said in a regulatory filing.
Boeing is currently producing one 747 every month, but said it will cut down starting in September to one every other month.
For more than 40 years, the wide-body jumbo jet ruled the skies. But with changes in aviation regulations and airline-business strategy and improvements in turbofan-engine technology, the days of huge aircraft are drawing to a close. Since its introduction in 1969, the Boeing 747 has transformed the way people travel. With its ability to fly 500 passengers 6,000 miles, the jumbo jet allowed airlines to reach new destinations while achieving profitability by lowering the per-seat cost of operation.
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