Boeing, though, has stopped trying to further develop its 747. What can replace the Boeing 747F when the 747-8F gets discontinued? Boeing 747 Jumbo Jet Discontinued Silently, Sad Day for Avgeeks and Travellers: Report, Malaika Arora's Sexy Gym Outings Continue, Meets New Four-Legged Friend Post Workout. I think the 747F series are irreplacable. Boeing's 747 plane is enjoying a second life as a cargo mule for companies like United Parcel Service Inc due to a freight market boom fueled by online shopping. Nothing gets dicontinued at Boeing unless the whole product line gets discontinued. Le 747-8 est la plus grande version du 747, le plus grand avion commercial construit aux États-Unis et le plus long avion à passagers du monde. A new version is in the works, in fact. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. And with more than 400 seats available, this 747 creates a unique opportunity to … Les 747 sont remplacés par des Airbus A380 et des Boeing 777. The 747SP ended in 1983 but 6 years later 1 was made in 1989 for a VIP customer. "We will continue to make the right decisions to keep the production line healthy and meet customer needs.". Today, you can download 7 Best Stocks for the Next 30 Days. Zacks Investment Research, The Boeing Company (BA) : Free Stock Analysis Report, Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report, United Airlines Holdings Inc (UAL) : Free Stock Analysis Report, Airbus Group (EADSY) : Free Stock Analysis Report. The news comes as the aviation industry grapples with fallout from the coronavirus pandemic. There are no plans to discontinue the 747. (Image Source: Reuters) It had a fatal accident in 1983, with 181 fatalities and 11 survivors. Boeing 747-8. Le 747 … All Boeing 747 will not be discontinued by the end of 2017. Just 18 will be produced in each of the next two years. Boeing Co is pulling the plug on its 747 jumbo jet, Bloomberg News reported on Thursday. The 777F and A330F and the possible A350F dont have the nose cargo door that the 747-400F and the 747-8F have. 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. Qantas has eight Boeing 787 Dreamliners on order, replacing five of the airline's older 747-400s. The 747 has been a very popular aircraft and is still economical to fly. 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. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Airbus Group (EADSY) : Free Stock Analysis Report To read this article on Zacks.com click here. 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 … A new version is in the works, in fact. Some major airliner companies that have already discontinued the 747 fleets are Delta Air Lines (DAL - Free Report), United Airlines (UAL - Free Report), KLM Royal Dutch Airlines and Qantas. Boeing has cut its production target twice in six months. No it has not been discontinued. Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>, Want the latest recommendations from Zacks Investment Research? As a passenger jet, it’s fading fast. Boeing has revealed it may end production of its 747 Jumbo Jet aircraft after a dip in orders for the plane. 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. Major U.S. carriers like United Continental Holdings Inc and Delta Air Lines Inc have already said goodbye to the 747. Its story also began in 1976, when Boeing delivered one aircraft to Avianca, according to El Tiempo. The A340-600 fleet will be temporarily decommissioned as well as six Airbus A380s and five Boeing 747-400s. In the first six months of 2016 it delivered just three 747s compared to nine in 2015. There r many stuff that can only go through the 747F's nose door but not through the side doors. It will take time to retire all the Boeing 747 that is still operating and are brand new. The 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets. The Colombian carrier Avianca also had seven Boeing 747 throughout its history. 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 … Many of these flights utilize the iconic Boeing 747. Boeing will stop producing the iconic 747 jumbo jet in 2022, which is also when 777X launch customer Emirates will receive its first mini jumbo – a year later than previously planned. Malaika Arora, Janhvi Kapoor Or Ananya Panday: Who Looks The Hottest In Athleisure. The 747 has been a very popular aircraft and is still economical to fly. Officiellement annoncé en 2005, le 747-8 est la quatrième génération de versions du Boeing 747, avec un fuselage allongé, une voilure redessinée et des performances supérieures à celles du 747-400. 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. 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. Whilst they are phasing out their earlier Boeing 747-400 aircraft with Boeing 777X aircraft (which, unfortunately, have been delayed until at least 2020) they have no plans to retire their newer Boeing 747-8I aircraft. Counting cancellations, it hasn't sold a single 747 this year. According to Boeing's official order book, there are still two 747-8 passenger planes left to deliver. When contacted by Reuters, Boeing did not confirm the Bloomberg report. 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. As airline companies all over the world are battling the effects of the pandemic, a prolonged halt in purchase is inevitable. Qantas then expects its remaining fleet of six 747-400s to continue operating into the 2020s. Due to such a worldwide crisis, the aviation industry on a whole has taken a nasty hit and thus is resorting to effective cost-saving measures and options. 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. 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. Le Boeing 747-8 est un avion de ligne à réaction gros-porteur développé par Boeing Commercial Airplanes. Is Boeing 747 discontinued?What happens to airplane after retirement?What happened to Ethipoian Airines on 22 July 2020?Where is the largest airplane graveyard?Why are … Major U.S. carriers like United Continental Holdings Inc and Delta Air Lines Inc … Avianca operated the 747 until 1995, but its history wasn’t as perfect as with other airlines. 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. 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. 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. "At a build rate of 0.5 airplanes per month, the 747-8 program has more than two years of production ahead of it in order to fulfill our current customer commitments,” a Boeing spokesman told Reuters. High-volume routes demand high-value returns. 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%. Lufthansa Cityline will also withdraw three Airbus A340-300 aircraft from service. To read this article on Zacks.com click here. Though, some airlines like Qantas, British Airways and United are already retiring the beautiful 747 (Qantas [ 1] recently bid farewell to one of theirs Boeing 747–400). 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. For example the 767-200ER production ended in the early 1990s but 8 years later production started again for Delta Airlines. In 2016, Boeing said it could end 747 production amid falling orders and pricing pressure. Korean Air and Air China also have not made plans to retire their 747s at this current time. In 2016, Boeing said it could end 747 production amid falling orders and pricing pressure. 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, … The last 747-8 will roll out of a Seattle area factory in about two years, according to the Bloomberg report. Per Jefferies, the companylost about $40 million for each 747 since 2016, when it cut down onproduction to making just six jets a year. So it's no surprise that on high-volume routes the 747-8 offers premium revenue potential. United Airlines will make its last-ever Boeing 747 passenger flight on November 7 this year, followed by Delta Airlines. 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. 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.. The A380 truly allows airlines to do exotic things like the Etihad A380 Residence or installing a shower for first class customers to use at 40,000 feet. 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. The Boeing 747 revolutionized air travel when it debuted as the world's largest passenger jet in 1969. 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