Boeing to Wind Down 747 Production, a Report Says
Boeing (NYSE: BA) reportedly plans to wind down production of its massive 747 jumbo jet, the end of an era for double-decker jets as airlines focus on smaller, more fuel-efficient aircraft.
The company has not yet made the decision official, but Bloomberg reported the last 747-8 will roll off Boeing's assembly line in about two years.
The 747, nicknamed "the Queen of the Skies," entered service in 1970 with its signature bulging front that housed a second floor for passengers. Its demise follows a decision by Airbus (OTC: EADSY) to cease production of its A380 two-story airplane.
Source Fool.com