Boeing Killed Its 747 Jumbo Jet. Here’s Why.

Bloomberg reported Thursday that the commercial aerospace and defense giant (BA) is pulling the plug on its iconic 747 double-decker jumbo jet. “At a build rate of half an airplane per month, the 747-8 program has more than two years of production ahead of it,” a Boeing spokesperson told Barron’s. “We will continue to make the right decisions to keep the production line healthy and meet customer needs.” Not a lot compared with the more than 1,500 jumbo jets Boeing has delivered over time.

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