Boeing Loses $1.76 Billion Jumbo-Jet Order After Cutting Output

Boeing Loses $1.76 Billion Jumbo-Jet Order After Cutting Output

Boeing Co. via Bloomberg

Boeing has reduced the production of the 747-8, its largest commercial airplane, to 1.75 planes a month from two, citing weakness in the global air-cargo market. The 747-8 has a selling price of $352 million, although buyers often receive discounts.