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Boeing also canceled plans to increase production of the 747 to
one plane per month from 2019, and stuck to its earlier plan of
halving the production rate in September 2016. http://bit.ly/2as8Z9k
Production rate on the 747, which was at 1.5 per month in June
2015, has gradually dropped to 1 a month in July 2016, signaling
bad news for the jet's future plan.
The company reported smaller-than-expected second-quarter loss
on Wednesday helped by strong performances in its jetliner and
defense businesses.
Boeing warned last week it planned to take $3 billion in pretax
charges related to its 787, 747 and KC-46 tanker aircraft
programs.
Nicknamed 'Jumbo Jet' and 'Queen of the Skies,' the wide-body
aircraft is a sought after one among heads of state, including
the U.S. President, whose Air Force One is a variant of the 747.
The latest version of the 747, capable of traveling the length
of three FIFA football fields in a second, is used by Cathay
Pacific, Lufthansa and Air China amongst others.
(Reporting by Sangameswaran S in Bengaluru; Editing by Gopakumar
Warrier)
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