Boeing slows 747 production on weak demand
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Diaper makers do due diligence
- Minorities crucial to filling Marcellus shale gas drilling jobs
- Harsh winter sets back Western Pa. maple harvest
- Prepaid cards start to elbow aside bank accounts
- CVS suit could be test case
- Real estate goes techno
- ‘Boomerang’ buyers get another chance at homeownership
- Lab develops sponges for oil spill cleanup
- Samsung introduces free streaming radio service
- Cabbies protest ride startups
- JPMorgan whistle-blower gets $64M for mortgage fraud tips