Boeing Slows 747-8 Production Rate

(Photo: Boeing)

747-8I #1434 FBJ K65050-03Boeing has announced it will adjust the production rate for the 747-8 programme from 1.75 to 1.5 aircraft per month through 2015: “because of lower market demand for large passenger and freighter airplanes.”
Eric Lindblad, Vice President and General Manager, 747 Programme, Boeing Commercial Airplanes commented: “This production adjustment better aligns us with near-term demand while stabilising our production flow, and better positions the programme to offer the 747-8’s compelling economics and performance when the market recovers.  Although we are making a small adjustment to our production rate, it doesn’t change our confidence in the 747-8 or our commitment to the programme.”
The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large aircraft (such as the 747-8) over the next 20 years, valued at $280 billion.
To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.
Boeing says the production rate change is not expected to have a significant financial impact and the first delivery at the new production rate is expected in early 2014.