Boeing to stop making 747 jumbo jet: report

Boeing to stop making 747 jumbo jet: report

Boeing is pulling the plug on its 747 jumbo jet, Bloomberg News reported on Thursday.

The 747 democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets.

The last 747-8 will roll out of a Seattle area factory in about two years, according to the Bloomberg report.

The news didn’t seem to greatly worry investors, who bid the stock up 1.1 percent in mid-afternoon trading, to $182.29.

Meanwhile, Boeing is coping with the grounding and canceled orders of a different model airplane, the 737 Max, after crashes in Indonesia in 2018 and Ethiopia in 2019 involving the now-troubled jet. The company, which has faced intense scrutiny from the FAA, started testing for recertifying the plane.

A spacious Boeing 747 Jumbo jet interior circa 1970
A Boeing 747 Jumbo jet interior circa 1970Mirrorpix via Getty Images

About the author

Erin Fox

Erin Fox

From television to the internet platform, Erin switched her journey in digital media with News Brig. She served as a journalist for popular news channels and currently contributes his experience for News Brig by writing about the tech domain.

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