Boeing Cuts 747 Output Rate as Demand Drops for Biggest Jets
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Boeing Co. cut the production rate on the 747-8 jumbo jet, its biggest and most-expensive model, citing dwindling demand for the largest passenger planes and freighters.
Monthly output will drop by early 2014 to 1.75 aircraft from two now, Boeing said today in a statement. The Chicago-based company said the change in tempo, to 21 jets a year from 24, isn’t expected to have a significant financial impact.