Major U.S. carriers like United Continental Holdings Inc and Delta Air Lines Inc have already said goodbye to the 747. Per major media sources, The Boeing Company BA is likely to discontinue the production of its once-iconic 747 jumbo jets on account of poor orders, intense pricing pressure and … Notably, in March 2019, Boeing unveiled its 777X prototype, which would serve as itsnew flagship jet and alsothe replacement for the iconic 747 aircraft.Our ViewIn recent times, Boeing witnessed a consistent struggle due to a significant drop in aircraft deliveries. Après 45 ans de services et 250 millions de passagers transportés depuis 1970, le dernier vol d'un 747 de la compagnie Air France a lieu en France le 14 janvier 2016 et en Angleterre fin octobre 2016. Lufthansa’s CEO, Carsten Spohr, announced that after COVID-19 the airline will be smaller and will reduce the size of the fleet by about 100 aircraft. Many of these flights utilize the iconic Boeing 747. In this case, the decision of discontinuing 747 jet productions seems wise, since the aircraft giant is already incurring huge losses for this program and other airliners that have still 747 in their fleet are retiring them at a rapid pace.Price Movement & Zacks RankThe Zacks Rank #3 (Hold) stock has improved 21.6% in the past three months compared with the industry’s growth of 4.1%. Some major airliner companies that have already discontinued the 747 fleets are Delta Air Lines DAL, United Airlines UAL, KLM Royal Dutch Airlines and Qantas. Nothing gets dicontinued at Boeing unless the whole product line gets discontinued. Counting cancellations, it hasn't sold a single 747 this year. No it has not been discontinued. Boeing Confirms the End of Its Iconic 747 Jumbo Jet Production After Poor Quarterly Result File photo of a British Airways Boeing 747 passenger aircraft parked at Heathrow Airport in London. In 2016, Boeing said it could end 747 production amid falling orders and pricing pressure. The last 747-8 will roll out of a Seattle area factory in about two years, according to the Bloomberg report. The Boeing 747-400M was initially planned to be retired by January 1, 2021, however the Boeing 747-400M was instead retired by March 27, 2020, as Air France-KLM announced in early March 2020 to retire all remaining passenger Boeing 747-400s of KLM (including all KLM Boeing 747-400M aircraft) immediately due to reduced air travel demand caused by the COVID-19 pandemic, although, due to a … In 2016, Boeing said it could end 747 production amid falling orders and pricing pressure Boeing Co is pulling the plug on its 747 jumbo jet, Bloomberg News reported on Thursday. (Image Source: Reuters) Le 747 … There are no plans to discontinue the 747. Boeing Co is pulling the plug on its 747 jumbo jet, Bloomberg News reported on Thursday. British Airways, currently the largest operator of the Boeing 747, said it would retire its entire fleet of the iconic aircraft earlier than expected due to the coronavirus downturn.. Some major airliner companies that have already discontinued the 747 fleets are Delta Air Lines DAL, United Airlines UAL, KLM Royal Dutch Airlines and Qantas. The 747SP ended in 1983 but 6 years later 1 was made in 1989 for a VIP customer. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets. Boeing has revealed it may end production of its 747 Jumbo Jet aircraft after a dip in orders for the plane. Gradually, airline companies have resorted to narrow-body aircraft, which are easier to maintain and burn less fuel, thereby saving thousands of dollars per flight.Back in 2016, for the first time, Boeing revealed its intentions of ending 747 productions amid falling orders and intense pricing pressure. A new version is in the works, in fact. The First Class and Business Class sections of the 747-8 enable airlines to offer passengers the most private and premium accommodations in the sky. So it's no surprise that on high-volume routes the 747-8 offers premium revenue potential. According to Boeing's official order book, there are still two 747-8 passenger planes left to deliver. Boeing has cut its production target twice in six months. Per a Bloomberg report, the final 747-8 jets will be rolled out of a Seattle area factory in about two years’ time.Decline in Popularity of 747 Jumbo JetsOver 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. Its story also began in 1976, when Boeing delivered one aircraft to Avianca, according to El Tiempo. And with more than 400 seats available, this 747 creates a unique opportunity to … For example the 767-200ER production ended in the early 1990s but 8 years later production started again for Delta Airlines. Le Boeing 747-8 est un avion de ligne à réaction gros-porteur développé par Boeing Commercial Airplanes. A transpacific route that might surprise you with its frequency is the corridor between the Korean capital of Seoul and the Alaskan city of Anchorage. Some major airliner companies that have already discontinued the 747 fleets are Delta Air Lines DAL, United Airlines UAL, KLM Royal Dutch Airlines and Qantas.These jets have gradually been replaced by other modern variants of Boeing’s jets such as the 777 and 787 and Airbus’ EADSY A330 and A350 jets, as they are comparatively low in costs, nimble, more fuel-efficient and effective during long-haul operations. All Boeing 747 will not be discontinued by the end of 2017. Boeing Set to Discontinue the Production of 747 Jumbo Jets Boeing's (BA) 747 jets have been replaced by other narrow-body and cost-effective jets, such as the 777 and 787, … It will take time to retire all the Boeing 747 that is still operating and are brand new. Boeing, though, has stopped trying to further develop its 747. Stock market news live updates: Stock futures mixed as tech shares come under more pressure, FOREX-Dollar bounces off six-week low as traders prepare for Powell, UPDATE 1-Thomson Reuters fourth-quarter revenue, adjusted earnings rise, WRAPUP 1-Bank of Montreal, Scotiabank beat profit expectations, anticipate recovery, UPDATE 1-Macy's forecasts upbeat 2021 sales. I think the 747F series are irreplacable. The 747 has been a very popular aircraft and is still economical to fly. United Airlines will make its last-ever Boeing 747 passenger flight on November 7 this year, followed by Delta Airlines. Per major media sources, The Boeing Company BA is likely to discontinue the production of its once-iconic 747 jumbo jets on account of poor orders, intense pricing pressure and the impacts of the coronavirus pandemic. When contacted by Reuters, Boeing did not confirm the Bloomberg report. High-volume routes demand high-value returns. A new version is in the works, in fact. 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