Cargo market weakness drives Boeing to reduce 747-8 production

Credit: Boeing
Boeing will reduce the production rate of the 747-8 to 0.5 aircraft per month—or just six per year—starting in September 2016, citing softness in the global air cargo market. The 747-8 is now being produced at the rate of 1.3 aircraft per month and the rate was previously slated to drop to one per...

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