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Technology Boeing is reportedly ending production of its 747 jumbo jet

05:40  05 july  2020
05:40  05 july  2020 Source:   engadget.com

Boeing wins two huge contracts to deliver more than 1,000 missiles to Riyadh

 Boeing wins two huge contracts to deliver more than 1,000 missiles to Riyadh © ANDREW CABALLERO-REYNOLDS / AFP US Secretary of State Mike Pompeo visits Riyadh on February 21, 2020. Boeing has won two contracts for a total more than $ 2 billion to deliver more than 1,000 surface-to-air and anti-ship missiles to Saudi Arabia, the Pentagon announced on Wednesday May 13. A first contract worth more than $ 1.722 billion relates to the modernization of the cruise missile SLAM ER from Boeing Defense.

Boeing Co. is pulling the plug on its 747 jumbo jet , Bloomberg News reported on Thursday. The 747 democratized global air travel in the 1970s, but fell In 2016, Boeing said it could end 747 production amid falling orders and pricing pressure. Major U.S. carriers like United Continental Holdings Inc and

Over the years, the popularity of the 747 Jumbo Jets hasbeen shrinking, and as a result, has almost been phased out by airline companies across the globe. Back in 2016, for the first time, Boeing revealed its intentions of ending 747 productions amid falling orders and intense pricing pressure.

If it wasn’t already apparent that the era of ‘big’ flying is ending, it might be soon. Bloombergsources say Boeing is ending production of its iconic 747 jumbo jet (specifically, the 747-8) in about two years. A spokesperson for the aircraft maker didn’t confirm or deny the shutdown, saying there were “more than two years” of production left to fulfill orders. However, Bloomberg pointed to signs of a firm stop in “subtle wording changes” for financial statements.

a large passenger jet flying through the air: A Lufthansa Boeing 747-8 with the additional name A Lufthansa Boeing 747-8 with the additional name "Lufthansa Siegerflieger" (lit. "Lufthansa Victor's plane") takes off at the airport in Frankfurt am Main, Germany, 4 December 2017. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty Images)

While there’s no claimed explanation for the move, it’s no secret that Boeing faced both a hostile market and its own troubles. Even before the pandemic, the air travel industry had shifted toward smaller, more fuel-efficient twin-engine jets like the 787 Dreamliner. The 15 remaining unfulfilled 747 orders are all destined for freighter use, with 12 of them headed to UPS. The 747-8 was also late and over budget, and is believed to have been a money-loser since 2016. The last passenger order was for Air Force One in 2017.

Even so, an end to 747 manufacturing would close a major chapter in aviation history. The 747 has been in service for over 50 years, entering service with PanAm in January 1970. It was one of the most popular wide-body jets with about 1,571 orders, and its distinct upper-deck hump made it instantly recognizable among travellers. The 747 will continue to fly for a while yet, but its time is clearly coming to an end.

The FAA will soon propose a directive for the Boeing 737 MAX .
BOEING-737-MAX: The FAA will soon propose a directive for the Boeing 737 MAX © Reuters / Lindsey Wasson THE FAA TO PROPOSE A DIRECTIVE FOR THE BOEING SOON 737 MAX WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) in the United States plans to issue in the "near future" a draft airworthiness guideline for the Boeing 737 MAX that will cover modifications to the device, banned from flight since March 2019, she announced Tuesday.

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