Boeing on Friday said it would cut production of its 747-8 jumbo aircraft for a second time this year, citing weaker demand for big aircraft.
A British Airways Boeing 747 takes off at London Heathrow Airport.
The Chicago-based aerospace giant said 747-8 production rate would be reduced from 1.75 airplanes per month to 1.5 airplanes per month "because of lower market demand for large passenger and freighter airplanes"."This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," Eric Lindblad, vice president and general manager of the 747 programme, said in a statement.
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