Boeing has confirmed it will lower the production rate of the 747-8 programme to match supply with near-term demand in the cargo market. From September this year the 747-8 programme’s production will decline from one aircraft per month to 0.5. The US manufacturer had previously announced that the rate would drop from 1.3 aircraft per month to one from March 2016.
Boeing’s Vice Chairman, President and CEO of Commercial Airplanes Ray Conner said: “Global air passenger traffic growth and aeroplane demand remain strong, but the air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 Freighter. While we remain confident in the 747-8’s unique value-proposition and an upcoming replacement cycle for late-model 747-400 Freighters, we’re taking the prudent step to further align production with current market requirements.”
The company says it is closely monitoring the air cargo market as it works to secure additional orders to help support future production.