TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Boeing slows 747 production on weak demand

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

By The Associated Press

Published: Saturday, April 20, 2013, 12:01 a.m.

Boeing says it will slow down production of its superjumbo 747-8 because of weak demand.

Boeing builds two of the planes every month. It's slowing that rate to one and three-quarters per month.

Boeing had warned that a slowdown was possible if demand didn't improve. Boeing has orders for 64 of the planes still to be built, including freighter and passenger versions.

Boeing first delivered the revamped 747-8 in 2011. The freighter version received the most orders. But the size of the passenger version is midway between the larger Airbus A380, which has been on the market longer, and the smaller Boeing 777, which is popular with airlines. That has left little room for the 747-8.

Boeing Co. says the slower pace of production won't have a significant financial impact.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Google challenges nonprofits on ideas to use Glass
  2. Tesla delivers  1st cars in China
  3. PNC’s CEO elected board chairman
  4. Record cold facilitates coal’s comeback
  5. ‘Old GM’ defense expected in court fight over faulty ignition switch
  6. Drugmakers ready to carve out deals any way they can
  7. Corbett: Coal is working
  8. McDonald’s profit slips amid weak sales
  9. AT&T joins crowded field with online video plans
  10. Winning streak for stocks continues
  11. BNY Mellon notches $661M profit in 1st quarter
Subscribe today! Click here for our subscription offers.