Boeing Slows 747 Jumbo Assembly as Big-Plane Market Dwindles
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Boeing Co. is paring production of its 747-8 jumbo jet as stalled sales and sluggish demand for freighters have left it with two “white tails,” models that were built and remain unsold.
Boeing hasn’t netted any new 747 orders this year, leaving a planned update of the U.S. presidential fleet as one of its strongest sales options. The Chicago-based company has a backlog of 39 unfilled jumbo orders, about 30 months of production at the revised tempo, Sam Pearlstein, senior analyst at Wells Fargo Securities, said in a note to clients.