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Boeing lowers 747-8 production rate

written by australianaviation.com.au | October 21, 2013
The 747-8 is finding market conditions and competition tough going despite its cost-efficiency gains. (Boeing)
The 747-8 is finding market conditions and competition tough going despite the aircraft’s cost-efficiency gains. (Boeing)

Despite the promise of double-digit improvements in fuel efficiency, operating costs and emissions, Boeing has been forced to commit to a marginally lower production rate for the 747-8 program from 1.75 aircraft to 1.5 a month due to what the company describes as “lower market demand for large passenger and freighter airplanes”.

“This production adjustment better aligns us with near-term demand while stabilising our production flow and better positions the program to offer the 747-8’s compelling economics and performance when the market recovers,” a company statement said. “Although we are making a small adjustment to our production rate, it doesn’t change our confidence in the 747-8 or our commitment to the program.”

Boeing said it expects long-term average growth in the air cargo market to begin returning in 2014, forecasting global demand for 760 large aircraft such as the 747-8 over the next 20 years.

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To date the 747-8 has gained 107 orders for passenger and cargo versions, 56 of which have been delivered.

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

Boeing lowers 747-8 production rate

written by australianaviation.com.au | October 21, 2013
The 747-8 is finding market conditions and competition tough going despite its cost-efficiency gains. (Boeing)
The 747-8 is finding market conditions and competition tough going despite the aircraft’s cost-efficiency gains. (Boeing)

Despite the promise of double-digit improvements in fuel efficiency, operating costs and emissions, Boeing has been forced to commit to a marginally lower production rate for the 747-8 program from 1.75 aircraft to 1.5 a month due to what the company describes as “lower market demand for large passenger and freighter airplanes”.

“This production adjustment better aligns us with near-term demand while stabilising our production flow and better positions the program to offer the 747-8’s compelling economics and performance when the market recovers,” a company statement said. “Although we are making a small adjustment to our production rate, it doesn’t change our confidence in the 747-8 or our commitment to the program.”

Boeing said it expects long-term average growth in the air cargo market to begin returning in 2014, forecasting global demand for 760 large aircraft such as the 747-8 over the next 20 years.

Advertisement
Advertisement

To date the 747-8 has gained 107 orders for passenger and cargo versions, 56 of which have been delivered.

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

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