INQUIRER.net: Boeing reduces 747 production rate as demand lags

INQUIRER.net Philippine News for Filipinos

Boeing reduces 747 production rate as demand lags Oct 19th 2013, 01:11 Boeing will slow down production of its double-decker 747 jumbo jet as demand continues to be weak.   Counting cancellations, Boeing has not booked any new orders this year for that plane.   Boeing said on Friday that it will slow 747 production to 18 per year, or 1.5 per month. Boeing originally planned to build 24 per year, but slow sales had already prompted it to make plans to cut the rate to 21 per year.   The slowdown begins early next year, and Boeing said it will stay at that lower rate through 2015.   The slower rate "doesn't change our confidence in the 747-8 or our commitment to the program," said Eric Lindblad, Boeing's vice pre... Keep on reading: Boeing reduces 747 production rate as demand lags Media files: Boeing.jpg (image/jpeg)

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